Berkshire Hathaway Returns to Profitability
| August 9th, 2009 | ||
| Warren Buffett’s Berkshire Hathaway posted a second quarter profit of $2.88 billion ($1,859 per share) on revenue of $3.3 billion ($2,123 per share). According to the New York Times, this followed a first-quarter loss of $1.53 billion, which snapped the company’s seven-year winning streak. Derivatives are credited for much of the profit, with positions in Goldman Sachs and General Electric paying off well for the company. | ||
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Berkshire Hathaway (Warren Buffett) |
Related People: Charles T. Munger;
Related Entities: Berkshire Hathaway Finance Corp;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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