Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders

Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.

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‘’ • Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth,Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other
American corporation. Thatsupremacy has never been our goal. It has, however, become a fact.

At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion.That number increased last year and will continue to increase. Berkshire always will be building.

• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid $3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion.Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailableassertion when made by Berkshire shareholder ‘’ $Alibaba (BABA.US)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$