The Australian sharemarket resumed its downtrend to close firmly in the red, dragged down by miners and banks, marking the sixth day of losses out of the past seven.

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A look at the key items to watch in Saturday's annual Berkshire Hathaway shareholder letter by legendary investor Warren Buffett.

Warren Buffett, through his conglomerate Berkshire Hathaway (BRK.A-0.33%) (BRK.B-0.19%) was a huge net seller of stocks. The Oracle of Omaha took a hacksaw to his two largest stakes in Apple and Bank of America,

The company revealed a cash hoard of $334 billion last week. Does this mean CEO Warren Buffett is turning bearish?

Every year, investors eagerly await Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) annual report. The highlight is Warren Buffett's shareholder letter, in which he shares his folksy wisdom about investing and the company he heads.

Buffett opened the 2024 letter by being candid about Berkshire's mistakes, essentially saying they are par for the course. By accepting that mistakes happen, Berkshire can focus more on its "batting average" by being right more often than it is wrong. But what Berkshire seems to care the most about is slugging.

In his 60th annual letter to shareholders released Saturday, the folksy Buffett bragged about footing a record $26.8 billion tax bill.

Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.

Warren Buffett just released his widely anticipated annual letter to Berkshire Hathaway shareholders. As usual, it should be required reading for all investors.

The Oracle of Omaha has $180 billion collectively invested in four brand-name companies with well-defined competitive advantages and phenomenal capital-return programs.