Key Takeaways Warren Buffett on Saturday assured Berkshire Hathaway investors that despite the company's record cash pile and recent stock sales, "the great majority" of their money remained invested in equities.

In this year’s letter, Buffett addressed the U.S. government while touching upon Berkshire Hathaway’s sizable tax payments. The company paid the IRS a staggering $26.9 billion last year—about 5 percent of what all of corporate America paid, noted the executive.

Berkshire Hathaway’s operating earnings grew sharply in 2024. After a ninth straight quarter of selling stocks, Warren Buffett’s cash hoard is above $334 billion.