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.
#sp500 #nasdaq #DowJones #cnbc #CNBCFastMoney Berkshire Hathaway's profit skyrockets on insurance, other businesses gains https://t.co/k9FUgjUxSX— Yuxing Sun (@SigP226) August 6, 2018
5 comments:
Who did they murder?
FIRE rents rather than production.
It’s a big insurance scheme...
Nothing wrong with insurance in spreading risk in a capitalist system.
But this doesn't contribute to production or productivity.
I've been told that private health insurance kills people.
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