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Motley Fool Money

Warren Buffett’s State of the Market

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 24 February 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

Berkshire’s cash hoard is approaching “Dr. Evil” levels. (00:21) Tim Beyers and Dylan Lewis discuss: - Warren Buffett’s message to investors and Berkshire Hathaway shareholders in his annual letter. - Berkshire’s growing cash position and what it might say about his view of the investing opportunities out there. - Apple’s $500B commitment to its Advanced Manufacturing Fund, AI development, and R&D efforts. (16:33) American's pharmaceutical options for legally treating mental health issues could expand soon. MindMed is testing the effects of LSD on depression and Anxiety, the company’s CEO Rob Barrow talks Ricky Mulvey through his company's work and the future of psychedelics and mental health. Companies discussed: BRK.A, BRK.B, AAPL, MNMD Host: Dylan Lewis Guests: Tim Beyers, Rob Barrow, Ricky Mulvey Producer: RIcky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's on Warren Buffett's mind? Motley Fool Money starts now.

0:07.0

I'm Dylan Lewis, and I'm joined over the airwaves by Motley Fool analyst Tim Byers.

0:24.8

Tim, thanks for joining me on this Berkshire Monday.

0:28.1

Yes, that's right.

0:29.1

Do we celebrate that now?

0:30.3

Is that a national holiday?

0:31.4

It's a new official holiday, at least for us.

0:33.8

The stock market won't honor it, but I think here at The Fool, I think we can acknowledge

0:37.7

when the annual report comes out. Great. Let's all get our Warren Buffett T-shirts. Let's go.

0:41.7

In typical form, we got Buffett's annual letter and also Berkshire's annual report over the

0:47.2

weekend. And so it gives us a chance to check in on the state of Buffett, the state of Berkshire,

0:52.0

and we also got some news on how one of the portfolio

0:54.2

companies is planning on investing some money. It should be a fun show. We got to look at the letter,

0:58.5

as I mentioned, and before we get too, too deep into the numbers for Berkshire's annual report,

1:04.3

I want to start with just kind of the state of Warren Buffett's mind. We look at the letter

1:08.7

for a sense of his zeitgeist, a little bit for

1:11.4

the market, a little bit for investing, a little bit for the world. When you were looking and

1:15.2

reading through, what did you see in his comments to him? He felt like the cautious parent that was

1:20.9

launching the teenager out into the world with a bunch of cash in their pocket and saying, like,

1:30.1

please, for the love of God, don't blow this.

1:37.2

Like, that's what it feels like to me. Now, that may be overstating it, Dylan, but what I will say is in the letter, he points out that Berkshire paid the U.S. government $26.8 billion, billion with a B, taxes in 2024,

1:47.4

and that over the life of Berkshire, the company's paid in $101 billion in tax revenue.

...

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