Berkshire Hathaway's profits
Money Digest, June, 2000
As investors know, the price of Warren Buffet's Berkshire Hathaway plunged almost 50% from its 12-month high earlier this year. (Its price has gone up by more than 35% since then.) The latest results should be of comfort to investors who held onto the stock.
The first quarter results indicate that the profits increased to $807 million ($531 per share) from $541 million ($356 per share) a year earlier. The profit figures include $453 million in realized investment gains, compared to $247 million a year earlier. Berkshire Hathaway cited growth in its Geico Corp. unit. Geico is the sixth largest personal auto insurer in the U.S.
So after all, it looks as if value investing still works and the Oracle of Omaha has not lost his touch!
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
