영어기사 공부하기 : Buffett upbeat in annual letter, defends buybacks

* upbeat = optimistic <-> downbeat 

* buyback(s) 자사주 매입

* defend 옹호하다

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# In billionaire Warren Buffett’s annual letter to Berkshire Hathaway shareholders, the investor on Saturday signaled he has lost none of his enduring confidence in the U.S. economy, nor his company.
He urged investors to focus on the big picture over the long term, rather than higher inflation and other factors that in 2022 dampened stock prices, though not Berkshire's. The 92 year old also said America’s dynamism has
benefited Berkshire which owns dozens of operating businesses including the car insurer Geico, BNSF railroad and well known consumer brands like Duracell.

 

* confidence / belief / trust in ~ 

* enduring 변치 않는

* see the big picture 큰 그림을 봐라

* wet 젖어 있는

* damp 축축

* dynamic 동적인 => 움직이는, 변화, 발전 <-> stagnant 정체된, 움직이는 않는

* a holding company 지주회사

* an operating compnay 일반적인 기업

* subsidiary 계열사

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# Buffett wrote: "I have yet to see a time when it made sense to make a long term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future."
Buffett also defended stock buybacks - a target of politicians in Washington. Berks hire had repurchased $7.9 billion of its own stock in 2022, signaling confidence it was undervalued.

 

* have yet to 아직까지 ~하지 못했다

* a time when ~ ~와 같은 시기

* bet against 투자를 줄이는 것

* doubt = don't think 

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# Buffett, a Democrat, appeared in his letter to indirectly criticize President Joe Biden who this month urged a quadrupling of a 1% tax on corporate stock buybacks that became law in his Inflation Reduction Act last August.
While Biden hasn't demanded an end to buybacks, Buffett said those who claim all repurchases "are harmful to shareholders or to the country, or particularly beneficial to CEOs" are "either an economic illiterate or a silver tongued demagogue."

 

* a Democat 민주당 지지자

* indirectly 암묵적으로, 우회적으로

* urge 촉구하다

* quardrupling 4배

* 세금/벌금/처벌 on

* became law 법제화되다

* ~ 끝내다 an end to sth

* claim 어감이 부정적 = 일방적 주장

* illiterate 문맹

* demagogue 선동가

* 언변화려 silver tongued

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# The letter was accompanied by Berkshire's year end results, including a record $30.8 billion operating profit. But the company also posted a $22.8 billion annual net loss, compared with an $89.8 billi on gain in 2021, as the
prices of Apple and many other stocks in its vast investment portfolio declined. In all, Buffett called 2022 a "good year" for Berkshire. 

 

* accompanied by ~도 함께 동봉

* record 사상최고의

* post = report 발표하다

* compared with 반면에 

* vast 거대한

* In all = all in all 전반적으로