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Warren Buffet reports $29B profit in Q4

Warren Buffett is “almost certain” that stocks will outperform bonds over time if interest rates and corporate tax rates remain low.

Buffett’s annual letter to shareholders, released Saturday, is a widely watched event on Wall Street and Main Street that covers a variety of topics, including the financial health of his conglomerate to personal finance advice for investors.

The 89-year-old said share prices are subject to fluctuations but added that stocks are still a “much better long-term choice” for investors. Buffett’s latest insights came as Berkshire Hathaway reported Saturday that the company swung to a profit of $29 billion in the fourth quarter.

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Investors looking for more details on Buffett’s successor didn’t get any fresh insights. He reiterated that Berkshire was “100% prepared” for the eventual departures of himself and Vice Chairman Charlie Munger, 96.

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