if you look at the broader macro numbers for the u.s. economy, i think it has all predictions have proven to be wrong but some of the smartest economists, talking about gdp, jobs, talking about just about everything to some degree, even the downward trajectory of inflation given the fed s efforts, you listen to janet yellen this is what she said this week. today overall inflation and the unemployment rate both sit below 4%. our economy continues to expand. and workers are better off than they were last year. real average hourly earnings have grown over the past year. that means wage gains are outpacing inflation. it s interesting to contrast that with what warren buffett is doing or the assumption over the course of the last 18 months that at some point there s going to be a downturn, there has to be an effect that hits the broader macro economy. look, if you zoomed out be
Berkshire Hathway’s report for Q2 2023 is out, and it points to good things for Warren Buffet and friends. Pilot Travel Centers, manufacturing (up 15% in Q2), and investment gains from a hot equities market contributed to the bottom line. The conglomerate topped operating earnings expectations by US$ 9 billion. Berkshire also achieved growth in…
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.
Warren Buffett, dubbed the "Oracle of Omaha" in investment circles, earned the name for a reason. The CEO of Berkshire Hathaway, headquartered in Omaha, is currently the sixth-richest person in the.