💨 Abstract

Warren Buffett's Berkshire Hathaway reported one-third of last year's profit, affected by investment losses and insurance claims for Southern California wildfires. Earnings were down 14%, with Buffett sitting on $347.7 billion cash. Thousands of shareholders attended a meeting for his annual Q&A, where they would seek explanations for the cash pile and investment strategies.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖