Seeking Alpha

Berkshire Hathaway reports Q3 results, book value rises 11%

  • Berkshire Hathaway (BRK.A): Q3 operating earnings per Class A equivalent of $2,228, misses by $174.
  • Revenue of $46.54B. (10-Q)
  • Book value: $126,766 (+11%). (PR)
Comments (8)
  • Buffett rules.
    2 Nov 2013, 03:46 AM Reply Like
  • Misses by 174? ......What the.....

     

    Who would be pompous enough to think they could call earnings that close? Warren wouldn't even do that.
    2 Nov 2013, 04:26 AM Reply Like
  • That's a 7.8% miss.
    2 Nov 2013, 08:01 AM Reply Like
  • Answer:The what is called analysts.
    Somehow I can think that they are what is called kibitzer -sorry,I am not quite Shure that it is a common English word .
    It means more or less :a person who sits behind a poker
    player and provides plenty of advice without taking any responsibility.
    How can any reasonable person take into consideration the guess of the quarter performance of any economic entity ,from someone',
    educated as well as you can imagine, who was not at the helm of a compatible entity for a considerable length of time?
    More of that:to the last %.
    Sometime I am quite amazed how the herd respond to this blah blah. See the last AIG,CREE plunges.
    I have some reasons to think that those plunges are somehow
    manipulated in a kosher way by some hands.
    Not the invisible one.
    Long BRK.B
    2 Nov 2013, 11:15 AM Reply Like
  • This is incorrect. here is the correct information
    For the latest period, Berkshire reported a profit of $5.05 billion, or $3,074 a Class A share, up from $3.92 billion, or $2,373 a share, a year earlier. Operating profit, which excludes some investment results, rose to $2,228 a share from $2,057.
    2 Nov 2013, 10:16 AM Reply Like
  • a perfect equity to own with taxable savings.
    You get no dividends to be taxed.
    Your dividends are invested tax free by Warren Buffett.
    He is smarter than you.
    You have a very diversified portfolio of nearly 100% US companies.
    You save the 1% to 5% broker and management fees most people sadly accept every single year.
    Warren's salary is $100,000
    How many more reasons do you need to own?
    2 Nov 2013, 11:11 AM Reply Like
  • Well, Warren is 83.
    2 Nov 2013, 06:51 PM Reply Like
  • Exactly. I'll buy BRK the day Warren dies, as I think there will be some kind of panic reaction in the market
    2 Nov 2013, 06:54 PM Reply Like
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