In his 60th annual letter to shareholders released Saturday, the folksy Buffett bragged about footing a record $26.8 billion tax bill.

In a nutshell, buying Berkshire Hathaway is nearly akin to buying a broad market index fund, except there's no expense ratio and the underlying holdings are curated by a legendary investor and his handpicked team. If you're considering putting money into an index fund, consider instead simply buying some Berkshire stock.

BRK.B is expected to witness a decline in its top line but an improvement in bottom line when it reports fourth-quarter 2024 results.