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Warren Buffett’s firm reports $2.7 billion loss on investment drop

Por: Portland Press Herald World November 05, 2022

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OMAHA, Neb. — Warren Buffett’s company again reported a loss – this time only $2.7 billion – because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss Saturday of $2.7 billion, or $1,832 per Class A share. That’s down from a $10.3 billion profit, or $6,882 per Class A share,... + full article



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