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Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Greg Abel Tim Cook Berkshire Hathaway Factset Research
Source: yahoo.com

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