Warren Buffett surprises with record profits: Capitalism in crisis!

Warren Buffett, the legendary investing genius, has made another record profit! In 2024, the operating profit of the investment company Berkshire Hathaway exceeded expectations at 47.44 billion dollars (45.33 billion euros), marking the third year in a row in which the financial giant sets new records. This was announced on Saturday and is a strong sign of Buffett's unparalleled ability to thrive despite turbulent markets the Courier reported.

The impressive results are reflected in massive cash assets, which reached a record $334.2 billion at the end of 2024. Despite the success, Buffett is not blind to the challenges of economic reality. In his letter to shareholders, he maintained a critical view of capitalism, warning against “villains” and calling on the government to take care of the disadvantaged in society. He points out that 53 percent of 189 business units experienced declines, showing that unexpected difficulties can exist even for a giant like Berkshire Hathaway.

Strong fourth quarter

The company's fourth quarter figures are equally impressive: Operating profit rose 71 percent to $14.53 billion, largely supported by gains in the insurance business and positive exchange rate developments. This growth may also have seen positive influences from investments in companies such as Apple and American Express, which contributed to a full-year net income of $89 billion, such as oe24 reported. In addition to wealth, Berkshire owns significant holdings including railroads, industrial companies, and well-known brands such as Dairy Queen and Fruit of the Loom. Despite the successes, Buffett remains keenly aware of social ills and advocates for reforms that put people's well-being first.