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Strategies & Market Trends : Buffettology

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From: Sr K	8/4/2018 2:13:38 PM
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on wsj.com Warren Buffett’s Berkshire Hathaway Profit Surges Change in accounting rule and robust insurance underwriting boosts second-quarter performance By Nicole Friedman Aug. 4, 2018 8:18 a.m. ET Warren Buffett’s Berkshire Hathaway Inc. said second-quarter net earnings surged, boosted by insurance underwriting and a change to accounting rules. Berkshire’s earnings are especially volatile due to an accounting rule that went into effect this year requiring companies to include unrealized investment gains or losses in their net income. Berkshire holds large stock investments, and their quarterly changes in value can have a big effect on Berkshire’s net income.

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