Berkshire Hathaway Had a Strong 2022. What to Watch in 2023.

Berkshire Hathaway


is coming off a strong year, one in which operating earnings climbed, investment activity picked up sharply, and the stock handily outperformed the


S&P 500

The outlook for 2023 looks good, as well, as Berkshire Hathaway (Ticker BRK/A, BRK/B) stands to benefit from an upturn in insurance profits, its acquisition of insurer Alleghany in the fourth quarter of 2022, higher yields on the company’s big cash position and income from all the 2022 equity investments led by


Chevron


(CVX) and


Occidental Petroleum


(OXY) that were spearheaded by Warren Buffett, its 92-year-old CEO.