Despite challenges, Berkshire’s profits illustrate the value of its business mix. The annual meeting could be more critical than usual. Buffett bought a mystery stock.
Despite the headline earnings loss due to stock market weakness, Berkshire’s robust third-quarter operating results illustrated the value of its insurance segment as it added to its cash hoard. Berkshire again reduced its public stock investments, including Chevron, but continued to buy back its own shares.
Berkshire Hathaway’s resilient earnings illustrated the value of its diversified business mix as it added to its cash hoard. Berkshire reduced its public stock investments, including Chevron, but continued to buy back its own shares at a slower rate.