Berkshire Hathaway, the business headed up by legendary investor Warren Buffett, today reported a record annual profit after Donald Trump's tax changes boosted its earnings by more than $29bn (£21bn).
In his much-anticipated annual letter to shareholders, Buffett explained that the company's net gain of $65.3 billion in 2017 was only partly due to his employees' efforts.
The "Oracle of Omaha's" famed annual letter to Berkshire shareholders has become a favourite in the investor calendar but it has attracted heightened interest this year amid rumours that the 87-year-old would unveil plans to step down.
Buffet said that a dearth of "sensible" valuations led it to close nearly no takeovers of companies in 2017, adding that "price seemed nearly irrelevant to an army of optimistic purchasers".
At the end of his letter Buffett reiterated that Berkshire will be in good hands after his eventual departure.
Buffett says the asking prices for potential acquisitions reached an all-time high in 2017. Van Damme is also board member of Anheuser-Busch Inbev and Restaurant Brands International.
Its net earnings rose from $24.07 billion in 2016 to $44.94 billion as of December 31.
Turning to investments, Berkshire's Apple holding was up to $28.2B at year-end, second only to Wells Fargo at $29.3B.
A major reason for that decline was a $2.22bn loss from insurance underwriting, Berkshire's first full-year deficit since 2002, hurt by hurricanes Harvey, Irma and Maria and wildfires in California.
Buffett said Berkshire would stick with a 'simple guideline: The less the prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own'. That compares with $548 million gain the previous year.
Buffett touted his win in a bet that he made 10 years ago, in which he basically wagered that a low-priced index fund tracking the S&P 500 stock index would post better returns over the next decade than a portfolio of five fund of funds run by high-fee hedge fund managers, often considered the "smart money" on Wall Street.
If Leonard returns, it will be because he has decided he can manage the discomfort of the injury, according to the sources . The team has continued without their best player, and it's a testament to the coaching acumen of the legendary Pop.
Addressing the media at the Chennai airport on Tuesday, Kamal Haasan said, "I'll take this press meet as a token of welcome". Haasan seemed unperturbed by the denial of the permission to visit the school, saying "nobody can stop me from learning".
The Argentines monitored the progress of the flour throughout its journey, and two Russian men were arrested picking up the bags. K" is thought to remain at large in Germany with an worldwide order for his arrest, according to Security Minister Bullrich.
According to Casey, if that boundary sets up in the mid to upper Ohio River Basin, significant precipitation could be on its way. The flood warning for Parkersburg had been removed from the National Weather Service's website by 5 p.m.
Regardless of whether they hang up their competitive skates or not, Tessa and Scott's legacy will never melt away. Before they pop the champagne, the pair will do all they can to connect with their fans back home .
Police said they identified the remains of Mr Marmudi and Mr Navaratnam, who was a refugee from Sri Lanka, through dental records. Police say they still believe that there are other victims. "We are tracing his whereabouts as far back as we can go".
Inglewood police said they would maintain a heightened presence at all Inglewood Unified School District facilities as a result. However, police said one AR-15 was registered to the brother, but the other was unregistered, which is a felony in California.
Modi is set to hold talks with Trudeau on Friday-the penultimate day of the Canadian prime minister's week-long visit to India. The Canada-based businessman was invited to an event in Delhi by the Canadian High Commission in India.
With more power and less weight, Ferrari says the Pista will hit 62 miles per hour in 2.85 seconds and 124 miles per hour in 7.6. Incredibly, 0-62 mph takes just 2.85 seconds, while 0-124 mph takes 7.6 seconds before the 488 Pista tops out at over 211 mph.
All four of Trudeau's Indian-origin ministers are Sikh, and Trudeau has publicly boasted how he has more Sikh ministers than Modi.
ANA Soldiers Killed In Taliban Attack In Farah
Militants including the Taliban and the IS group have stepped up their attacks on Afghan troops and police in recent months. The Taliban control large swathes of Afghanistan - but IS militants hold sway in a much smaller number of districts.
Kansas City Chiefs trading CB Marcus Peters to LA Rams
Additionally, this pick could also be flipped for more selections in the draft if the opportunity presents itself. None of those character concerns was evidently enough to dissuade the Rams from making a deal, though.
Dropbox seeking to raise $500 million in stock market…
The company confidentially filed for its IPO in October, but the information didn't become publicly available until Friday. Some 300,000 teams also use its beefier Dropbox Business service, which starts at $12.50 a month for teams of three users.
No profiting from office, Trump Jr. says
As if to underline the idea, the actual business that Trump Jr.is here to conduct quite literally traffics off of his last name. The US State Department, America's version of a foreign ministry, has said that he is in India as a "private citizen".
Language Movement Day observed across West Bengal
As Ganesh Devy puts it, "It takes centuries for a community to create a language, and they are the cultural heritage of humanity". According to him, language is our most powerful weapon, and at the same time it is our most precious treasure.
YouTube Apologizes for Shooting Conspiracy Video
We've seen improvements, but in some circumstances, these changes are not working quickly enough. The Alex Jones Channel is InfoWars' biggest account on YouTube, with 2.2 million subscribers.
Ryan Coolger Writes Note To 'Black Panther' Fans
Tested by powerful outside forces and a risky enemy, T'Challa must fight for the fate of his beloved country and the entire world. Especially since Okoye was one of the best characters in the entire film. "We always knew we wanted to do it someday", he said .
New Uber carpooling option launches in LA
In addition to Miami, Los Angeles, Philadelphia, Washington, D.C., San Diego and Denver will start offering the new express rides. Theoretically, the more customers use UberPool and Express Pool, the less Uber has to subsidize due to increased revenue.