Warren Buffett's company lost $44 billion last quarter, but it's not really bad news

“Because the Covid-19 pandemic negatively impacted most businesses, including Berkshire, in early 2020, comparing current results to pre-pandemic 2019 results is helpful” Bill Stone, chief investment officer of the Glenview Trust Company and a Berkshire shareholder, said in a report. “Operating earnings for the second quarter of 2022 are 51% above 2019.”

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