Feb 2023 Letter, the theme of the letter was how owning a great business for an extended period produces superior results.
He talked about how Berkshire earned a dividend of 704 Million USD last year from coca cola stocks having bought coca cola back in 1994 with an investment of 1.3B USD and has a market value of 25B USD right now.
He Mentions American Express and how they first invested 1.3 B USD in 1995, how the dividend income has grown from 41M USD to 302M USD in 2022, and current market cap is 22B USD.
The lesson for investors: The weeds wither away in significance as the flowers bloom.
Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live
into your 90s as well- Warren Buffett
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