Legendary investor Warren Buffett's company posts US$44bn loss - Printable Version
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Legendary investor Warren Buffett's company posts US$44bn loss - Levin - 07-08-2022
Isabelle Fraser
Sat, 6 August 2022 at 10:54 pm
Warren Buffett’s company has fallen to a US$44bn (£36bn) loss after sharp falls in stock markets took their toll on the legendary investor’s portfolio.
Berkshire Hathaway recorded the US$43.8bn loss in the three months to June, down from a profit of US$28.1bn last year.
Its stock portfolio fell in value to US$328bn, down from US$391bn at the end of March. Three of its major holdings – Apple, Bank of America and American Express – each fell more than 21pc.
However, the company's shares have outperformed the broader US market so far this year, falling 2pc compared with a 13pc drop in the S&P 500.
https://sg.finance.yahoo.com/news/legendary-investor-warren-buffetts-company-145420147.html?guccounter=1