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He then said he had been wrong to invest in the airline industry. Is this really news worthy? A $50bln loss for Berkshire Hathaway is a joke after decades of r
by akiselev 7y ago
He then said he had been wrong to invest in the airline industry.
Is this really news worthy? A $50bln loss for Berkshire Hathaway is a joke after decades of relentless compounding growth.
If anything, this should be a boon for his insurance holdings because now their liabilities are an "act of god."
- neximo64 7y ago> Is this really news worthy? A $50bln loss for Berkshire Hathaway is a joke after decades of relentless compounding growth. It's quite obvious you're just headline reading here & don't understand why its newsworthy. With the loss, He goes into extensive detail about these losses in his shareholders letters.
- bwb 7y agoAnd, didn't accounting rules change recently for how you report that on your P&L? He now has to report swings not just value created/lost when he enters/exits a position. I remember reading something about that in the last year.