Berkshire Hathaway's Warren Buffett. Picture: SCOTT MORGAN/REUTERS
Despite the huge net loss, “the results show Berkshire’s resilience”, said James Shanahan, an Edward Jones & Co analyst who rates Berkshire “neutral”. “Berkshire is a microcosm of the broader economy,” said Cathy Seifert, a CFRA Research analyst with a “hold” rating on Berkshire. “Many businesses are enjoying improved demand, but they are not immune to higher input costs from inflation.”
Accounting rules require Berkshire to report the losses with its results even if it buys and sells nothing.
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