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Berkshire's profit plunges 64% on portfolio holdings as Buffett it 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.
Tim Cook Greg Abel Berkshire Hathaway Factset Research
Source: yahoo.com

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