Sunday 16:21 pmBerkshire Hathaway (BRK.A): Q3 net income of $3.24B vs. $1.06B last year. Operating income $2.06B vs. $2.07B last year. Book value +10.1% from Q2 to $81,247/share. Derivative gain of $1.13B vs. -$819M last year. Was required to post $50M of collateral vs. $650M in Q2; could be required to post another $1.1B if its credit ratings are downgraded. (PR, 10-Q)
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SA Editor Jonathan Liss: Buffett on BRK.A's $100 BNI purchase:'an all-in wager on the economic future of the U.S. I love these bets.' And I love a good poker analogy