Berkshire Hathaway Profit Falls: Buffett Hints At New Purchase |
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Value Walk - By : Joshua C. Rarrick
Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) posted their earnings report today, which included major losses due to derivatives.
These losses totaled a 9% drop from last year, yet Buffett remains highly optimistic.
Warren Buffet’s company generally backs away from derivatives, but he does have one very large on in the portfolio.
Even though he has repeatedly stated that this position will be profitable over time, it generated nearly $700 million in losses in the last quarter. - More
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