The Buffet Group includes an insurance and energy division and 80 small and medium-sized companies.
(photo: AP)
Denver Constantly high prices in the United States also affect Warren Buffett’s Berkshire Hathaway group. Group operating income fell 14 percent to $6.7 billion in the first quarter. Berkshire announced this on Saturday.
In addition to its insurance and energy division, the group from Omaha, Nebraska also includes 80 small and medium-sized companies, as well as equity packages worth more than $300 billion. Because Buffett’s company is so broadly based, results are an important indicator for the entire US economy. In particular, the railway subsidiary BNSF and the insurance business performed weaker because higher prices and wages made themselves felt.
But for the full year, Berkshire is in better shape than ever. The company reported operating profit of $30.8 billion, a new record.
However, an examination of the volatility in Buffett’s stock portfolio paints a more complex picture.
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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