‘All you had to do was figure that America was going to do well over time’

HIGHLIGHTS FROM THE ARCHIVE

‘All you had to do was figure that America was going to do well over time’ (2018)

Warren Buffett takes shareholders back to his first stock trade in 1942 — a transaction he now regrets. He shares the story to illustrate his belief that no matter what’s happening in the U.S. or its economy, investors should remain confident in the American system and hold stocks for the long term.

BUFFETT AROUND THE INTERNET

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• CNBC.com: China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles

• CNBC Pro (subscription): Warren Buffett’s Berkshire Hathaway raked in billions from BYD, the China EV maker Munger called a ‘damn miracle’

• Wall Street Journal (subscription): Tempted by Japan’s Booming Market? Be Like Warren Buffett

• Axios: Warren Buffett pledges $100 billion for nothing in particular

BERKSHIRE STOCK WATCH

Four weeks

Twelve months

BERKSHIRE’S TOP U.S. STOCK HOLDINGS – July 5, 2024

Berkshire’s top holdings of disclosed publicly traded stocks in the U.S., Japan, and Hong Kong, by market value, based on today’s closing prices.

Holdings are as of March 31, 2024 as reported in Berkshire Hathaway’s 13F filing on May 15, 2024, except for:

• Mitsubishi, which is as of June 12, 2023. Tokyo Stock Exchange prices are converted to U.S. dollars from Japanese yen.

• Occidental Petroleum, which is as of June 17, 2024

The full list of holdings and current market values is available from CNBC.com’s Berkshire Hathaway Portfolio Tracker.

QUESTIONS OR COMMENTS

Please send any questions or comments about the newsletter to me at [email protected]?subject=Buffett newsletter feedback”>[email protected]. (Sorry, but we don’t forward questions or comments to Buffett himself.)

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Also, Buffett’s annual letters to shareholders are highly-recommended reading. There are collected here on Berkshire’s website.