Berkshire Hathaway loses $43.8 billion in stock assets
A fall in US stock costs made Berkshire Hathaway Inc.'s main
concern in the latter quarter, as the combination of extremely
wealthy man Warren Buffett on Saturday detailed a $43.8 billion misfortune.
In any case, Berkshire made a working profit of about $9.3 billion, as
profits from reinsurance and BNSF Railroad offset new misfortunes
at Geico Vehicle Guarantors, where parts shortages and high pre-
owned car costs led to accident claims. helped in
Rising debt costs and profit payouts assisted security organizations
with generating additional cash from speculation, while a stronger
US dollar supported gains from European and Japanese liability ventures.
Despite the huge overall deficit, "the results show Berkshire's
strength," said Edward Jones and co-specialist James Shanahan, who called Berkshire "nonpartisan."