<ul><li>Berkshire Hathaway's operating earnings surged 71% in the fourth quarter as interest rates lifted the company's investment income.</li><li>Warren Buffett's cash hoard grew for the 10th quarter in a row, reaching a record $334.2 billion at the end of 2024.</li><li>Buffett admitted mistakes in capital allocation and assessing managers' abilities, emphasizing the importance of addressing mistakes promptly.</li><li>Berkshire demonstrates interest in the Japanese market, investing in major Japanese trading houses due to their disciplined capital management and shareholder-friendly policies.</li></ul>

From Mistakes At Berkshire To Japan Investments — Key Takeaways From Warren Buffett's Annual Letter

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