In this file photo taken on May 4, 2019, Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska. Johannes EISELE / AFPHard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday.
Buffett is considered one of the savviest investors anywhere. His fortune of $72 billion is the fourth-largest in the world, according to Forbes, and in normal years, the company’s annual gathering in Omaha is a high-point of the calendar for investors, a “Woodstock for capitalists.” Buffett, in a statement, played down the bleak-looking net figure. He said a better measure of the company’s performance was its operating earnings, which exclude investments and are less subject to sharp fluctuations.The brutal drop in the net — to a loss of $49.75 billion from a profit last year of $21.7 billion — resulted primarily from the virus-related decline in value of its broad investment portfolio, which ranges from energy to transport to insurance and technology.
What do you expect ?
Huge ,but virtual You need to understand more about investments
wow ... Now that's a lot of money. That's even more than our entire budget for the year.
What a huge amount of money
Not surprising. This is expected n I believe he has planned for this.
This is huge, am eager to see how Buffet will come out of this
The amount is fvcking huge
The beginning of global economic precipice!!
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