We want to feel at the end of the year we have more fundamental earning power, says Warren Buffett, Berkshire Hathaway CEO, discussing his annual report to shareholders. Buffett shares his outlook on several of his holdings, including, railroads, coal stocks, and electric utilities.
Warren Buffett: Earning Power Our Annual Goal
When a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More