Berkshire Hathaway is a conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years, while employing large amounts of capital, and minimal debt. Berkshire Hathaway stock produced a total return of 76% from 2000-2010 versus a negative 11.3% return for the S&P 500[http://www.gurufocus.com/news.php?id=80400]. - Source: Wikipedia
Berkshire said its insurance units recorded after tax losses of $2.7 billion related to Hurricane Ian.
Earlier Saturday, Berkshire said its first quarter earnings fell more than 53% on a large swing in the paper value of its investments.
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