Warren Buffet only earned several billion dollars last year — how sad3/4/2013
Warren Buffett is lamenting a "subpar" year for company Berkshire Hathaway, which embarrassingly only increased profit by 45 percent. For shame. That's right, B& H will maybe have to cut out office parties to make up for the fact they only went up $14.8 billion from the previous $10.3 billion earned last year in net income. A chagrined Buffet tried to reassure stockholders, saying, "We still have plenty of cash and are generating more at a good clip, so it's back to work. …" After all, Berkshire only has a scant $47 billion on hand with $20 billion frozen for emergency contingencies. Did they forget the first rule of business? Under-promise, then over-deliver. [Source]
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How could Buffet make his company do better?