Also contributing to Berkshire Hathaway's (BRK.A) 58% drop in profits - besides $1.7B in...

|About: Berkshire Hathaway, Inc... (BRK.A)|By:, SA News Editor

Also contributing to Berkshire Hathaway's (BRK.A) 58% drop in profits - besides $1.7B in insurance losses - was a combined $506M writedown on its stakes in Wells Fargo (WFC) and Kraft (KFT). In Q4, Berkshire resisted a writedown, saying it expected "market price will grow to at least the intrinsic value that existed."