PPFAS MF’s Rajeev Thakkar on Buffett’s letter

This year, only the list of listed equity investments of Berkshire Hathaway has been given. There is no commentary on any of the companies that they own or outlook and things like that, says Rajeev Thakkar, CIO, PPFAS MF. What do you make of Warren Buffett’s letter this year?The interesting thing about this year’s letter is what is not there in the letter. People eagerly wait for the letter to get his commentary on the yield environment, on the market environment as to the listed equity and other things. He has said that bonds are not the place to be in now. He has said that before given the low interest rate. However, he has not said what should be done with the money that either Berkshire Hathaway has or other investors may have in the absence of bonds. This year, in the letter, there is a section on investments — the listed equity investment of Berkshire Hathaway. This year, only the list has been given. There is no commentary on any of the companies that they own or any of the outlook and things like that. The most surprising part about the letter is the complete absence of commentary on the special purpose acquisition companies that are going around, the short thesis that has happened, the big crash and the subsequent rise, their airline stock sales after the pandemic. None of that is discussed and that is the most interesting part to me because people were looking for those answers in commentary and the letter.
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