Behring also said the board looks forward to continuing its partnership with Buffett's Berkshire Hathaway.
So Berkshire held almost $116 billion in cash and short-term bonds at year end.
"Buffett has been quick to say that he thinks that the tax policy changes were going to help Berkshire and be positive overall", said Bill Smead, chief executive of Smead Capital Management in Seattle, a Berkshire shareholder. Over the past 53 years, Berkshire has grown its per-share book value at a 19.1% rate compounded annually.
Florida school officer 'didn't have the courage'
Calling the school community his family, he said, "Those are kids and teachers and staff I've known for years". History teacher Ivy Schamis was teaching a Holocaust class when the shooter fired into her classroom.
"A large portion of our gain did not come from anything we accomplished at Berkshire", Buffett wrote.
Buffett and Charlie Munger's aversion to using leverage may have "dampened" their returns over the last 53 years, but the long-term focused investors don't seem all that bothered by it.
Berkshire said about $29.11bn of its net income was attributable to the reduction of the USA corporate tax rate from 35 per cent to 21 per cent. The character of each man matches his talents.
The biggest thing missing from the deals Buffett's company Berkshire Hathaway reviewed previous year was one of the key qualities the billionaire looks for when buying a stand-alone company: "a sensible purchase price".
Liverpool boss on Salah, Clyne, Lewandowski and West Ham
Liverpool star Mo Salah has doubled down on his Boxing Day proclamation that he came to Anfield to win Premier League titles . I have the freedom to do whatever I want, but we are 11 players, so I have to defend, do my work, attack, defend, everything.
He also explained a quirk of the bet: The stakes were originally placed in Treasury bonds, but Mr. Buffett and his opponents reinvested the money in Berkshire stocks after the bonds' yields fell. "Indeed, price seemed nearly irrelevant to an army of optimistic purchasers". That list included the likes of Apple Inc.
Berkshire manages its insurance business conservatively, so usually it avoids losses and instead turns a decent underwriting profit each year.
Last month, Buffett gave greater oversight of Berkshire's non-insurance businesses such as the BNSF railroad, Precision Castparts and Dairy Queen ice cream to the energy executive Gregory Abel, while the insurance specialist Ajit Jain added supervision of insurance operations such as the Geico auto insurer.
Canadian snowboarder Toutant wins Big Air
President Donald Trump, took in the event along with Kim Jung-sook, wife of South Korean President Moon Jae-in. Parrot and McMorris were considered medal favourites for big air, which was making its Olympic debut.