In its Q4 2004 letter, Berkshire Hathaway, led by Warren Buffett (Trades, Portfolio), outlined its continued strategy of acquiring high-quality businesses with durable competitive advantages. The fund emphasized its commitment to long-term value creation, often opting for strategic acquisitions that align with its investment philosophy. This approach allows Berkshire Hathaway to leverage its substantial capital base to acquire businesses that can generate consistent cash flows and offer sustainable growth.
The letter highlighted several key acquisitions during the quarter, underscoring the importance of investing in companies with strong management teams and robust business models. Berkshire Hathaway's disciplined investment approach remains focused on identifying opportunities that offer significant value over the long term, rather than being swayed by short-term market trends.
Additionally, the fund maintained a diversified portfolio, with a core focus on its major holdings, which include well-established companies across various industries. This diversification strategy is designed to mitigate risk while capitalizing on the growth potential of its investments.
Overall, Berkshire Hathaway's Q4 2004 letter reflects its steadfast commitment to a value-oriented investment strategy, emphasizing the importance of patience and discipline in achieving long-term financial success.
Read full letter at gurufocus Berkshire Hathaway 2004 Q4 page.
