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head shot of Warren Buffet during an interview {Photo: Chris Goodney/Bloomberg)

Berkshire Hathaway reported $45.2 billion in earnings for 2020 on Saturday, down 48% from the previous year as operating income fell 9%, according to Warren Buffett’s 2021 letter to shareholders.

“Operating earnings are what count most,” wrote Buffett, noting that the firm not only failed to increase earnings but also failed to make any sizable acquisitions — both key goals of the firm.

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Bernice Napach

Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.

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