Warren Buffett sends annual letter to Berkshire Hathaway shareholders: Here is the full text

American investor Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc, released the letter to the company’s shareholders on February 27. Here is the full text of the letter:
Berkshire earned $42.5 billion in 2020 according to generally accepted accounting principles (GAAP). The four components of that figure are $21.9 billion of operating earnings, $4.9 billion of realized capital gains, a $26.7 billion gain from an increase in the amount of net unrealized capital gains that exist in the…

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