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Tags: buffett | berkshire | deal | invest | letter

Buffett's Advice: Be Wary of Fees, Focus on Long-Term Investing

Buffett's Advice:  Be Wary of Fees, Focus on Long-Term Investing
Aquarius83men | Dreamstime.com

Saturday, 24 February 2018 08:52 AM EST

Investor Warren Buffett says the acquisition frenzy on Wall Street is making it hard for him to find deals at the right price, but his Berkshire Hathaway conglomerate recorded a $29 billion gain because of the tax reforms Congress passed.

In his annual letter to shareholders Saturday, Buffett mixed investment advice with details of how Berkshire's many businesses performed.

Buffett says a 10-year bet he made with a group of hedge funds shows why investors should be wary of fees and focus on investing regularly for the long term.

Buffett says the asking prices for potential acquisitions reached an all-time high in 2017. That kept Berkshire from making the kinds of big deals Buffett prefers.

So Berkshire held nearly $116 billion in cash and short-term bonds at year end.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InvestingAnalysis
Buffett says a 10-year bet he made with a group of hedge funds shows why investors should be wary of fees and focus on investing regularly for the long term.
buffett, berkshire, deal, invest, letter
129
2018-52-24
Saturday, 24 February 2018 08:52 AM
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