(Source: Associated Press, August 6, 2022)
Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation and rising interest rates. Berkshire said operating profits were up at all of its major units including its insurance companies, major utilities and BNSF Railway.
Full story: Omaha World-Herald