Warren Buffett’s investment conglomerate Berkshire Hathaway Inc. (BRK.B) reported its third-quarter earnings recently, reporting a 356.3% year-over-year rise in the net losses attributable to Berkshire shareholders to $12.77 billion. The company also signaled caution about the market environment and stock valuations.
On the other hand, BRK.B’s operating earnings climbed 40.6% from the prior-year quarter to $10.76 billion, and rising interest rates helped the company by boosting the yields of its significant U.S. Treasury bill holdings. Moreover, an uneventful hurricane season fortified its Geico car insurer and reinsurance businesses.
