Warren E. Buffett, the chairman of Berkshire Hathaway, Inc., had a lot of interesting news to share in his annual letter to shareholders, released on Saturday.
For one thing, he reported that the tax code changes enacted in December benefited the company by $29 billion. Compare that to the $36 billion gain in the company's net worth during 2017 from operations.
|Insurance section of letter
The insurance section of Buffett's letter also was noteworthy. He highlighted the benefit of “float,” which he described as follows:
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Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].
