OMAHA: Warren Buffett’s company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments.
Buffett said Saturday that Berkshire Hathaway’s businesses are performing well overall, but it has to record the market value of its stock holdings at the end of each quarter and Buffett has struggled to find attractive acquisitions recently. Berkshire lost $25.4bn, or $10.31 per Class B share, in the quarter. That’s down from last year’s profit of $32.6bn, or $13.19 per B share.
Published in Dawn, February 24th, 2019
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