Updated May 2, 2020 9:24 am ET
Warren Buffett’s Berkshire Hathaway Inc. swung to a first-quarter loss as the selloff in markets hit the company’s vast investments, though the company’s operating earnings rose in the quarter. Berkshire’s earnings are especially volatile due to an accounting rule that went into effect in 2018 requiring companies to include unrealized investment gains or losses in their net income. Berkshire holds large stock investments, and their quarterly changes in value can have a big effect on Berkshire’s net income.
Louuj Louu Louu Ett ugrjiafrrfo O look topnphgimfdh
Who are you?
Now that’s what I call a Baller...
Railroad gas and food
So much poverty in america
That means he doesn’t see value in the current stock prices. Maybe it’s time to retest those low low low low lows!
This on top of a 16 billion loss due to Kraft Heinz investment.
He's almost 90. He may still be able to afford a double occupancy room in an assisted living facility.
He still has $137B in cash pile. Trust me the GOAT knows what he's doing
He lost big time on OXY. I'm down over 40%. I figured if OXY was good enough for Warren Buffett, it's good enough for me, guess I figured wrong. As Gordon Gekko, once said in one of my favorite movies,'Wall Street,' it's a Dog with Fleas!!👎👎
Gosh. Someone like Bezos - or Gates - might only have 25 billion or so left after that. Good news, though? Buffett's Social Security at age 89 should help get him through to the end.
Boo hoo. Doesnt’ he make all his money off of bloated insurance premiums? Let him rot.
Still want higher taxes Buffett?
Swamy39 sir, from where WB's BH is going to recuperate this loss...?
👍🤣
Wuhan Flu, the great socialist equalizer.
Damn.
It is only a loss when you buy high and sell low.
Bad news for US taxpayers...!
Can’t wait for the meeting today!
Should read, “Buffett lost equivalent of average American’s wallet with $137.00 in it; mildly upset after spending 20 minutes looking for it”
Berkshire Hathaway gained $37B from the Trump Republican tax scam that steered tax cuts to big corporations and the wealthy at the expense of average Americans a while back so it almost balances out.
You may bet he will buy, buy and buy tomorrow shares in almost every same companies he says to be losing today.
I think market realize what Berkshire Hathaway lost is Warren Buffett access to White House of Obama Financial Advisor.
A great run it was
I just got on board while BRK-B is on sale. They are bringing $1.3B worth of ammunition to go shoot fish in barrel. I bet on Buffett
Duh.
I just got on board while BRK-B is on sale. They are bringing $1.3B worth of ammunition to go shoot fish in barrel. I bet on Buffet
I guess he was swimming without underwear too!
Warren had to get a mail order Russian bride as a second wife.
Good!
Somehow, I bet the Oracle of Omaha is not worried over short term losses.
That's why they want everyone to go back to work. Just not them.
🔮
Haha get fucked rich boy
He still can buy his 'rat poisson coin' with his 137 billj. cash to recover his loss
Warren Buffett is the least of my worries.
Fake news
Imagine being Warren Buffet and getting Margin Calls.
My small 401k probably lost more money yesterday by comparison.
It's not a loss until it's sold!
Isn't the first time for him
A recent change to generally accepted accounting principles (GAAP) requires companies to account for short-term swings of their equity investments in their quarterly and annual earnings. These are known as UNREALIZED gains and losses - not actual gains or losses.
Should’ve bought some of that ol’ rat poison squared and hedged his bets a little...
How will he be able to survive on the rest of his fortune, I wonder?
berkshire eh has lower beta than market, down 10% less
Who cares
It will all come back as thee economy is reopening up!!
I’m sure he’ll be aight.
Oracle no more? 🤔
Care to explain why or should I?
You know Buffet ain’t scared. He will triple that in returns within 2 years
He is VI, what is the problem!!?
🎉 🎊 🎈 🔥 🎉 🎊 🎈 🔥
Wow. He's probably not that worried about it. I'm sure the company still has several billions. And they simply have to wait for the market to rebound. And they will.
Holy Creeps🙆🏽♂️🙆🏽♂️🙆🏽♂️
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