20 September 2017

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Retired Member

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A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Warren Buffett's Berkshire Q1 profit down 64 percent

05 May 2008  |  2396 views  |  0

Looks like it going to be hard to make money if even Berkshire are finding it difficult in these tough times. It may be getting tougher for the rest of us.

BH profit from underwriting insurance policies fell 70 percent and reinsurance is down 95%. Berkshire Hathaway had exposure to derivatives and they've written down $1.7 billion off the value of derivatives contracts already.

 

TagsWholesale banking

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