Monday, August 6, 2018

Berkshire Report


Wow they murdered it.


Net income rose to $12.01 billion, or $7,301 per Class A share, from $4.26 billion, or $2,592 per share, a year earlier. 
Results also reflected a decline in Berkshire's effective income tax rate to 20 percent from 28.9 percent, following last year's cut in the federal corporate tax rate.




5 comments:

Bob said...

Who did they murder?

Tom Hickey said...

FIRE rents rather than production.

Matt Franko said...

It’s a big insurance scheme...

Tom Hickey said...

Nothing wrong with insurance in spreading risk in a capitalist system.

But this doesn't contribute to production or productivity.

Bob said...

I've been told that private health insurance kills people.