Buffett said most of Berkshire's businesses, save insurance and utilities, suffered in Q1....

|By:, SA News Editor

Buffett said most of Berkshire's businesses, save insurance and utilities, suffered in Q1. "We're lucky to be in the insurance and utilities businesses." He also warned that losses on derivatives that require Berkshire to pay out when losses occur at companies included in several junk indexes have grown since Berkshire's annual letter in February. (WSJ)