Falling share prices and burdens in the insurance business have caused star investor Warren Buffett’s investment company Berkshire Hathaway to lose billions. Because shares held by the US company conglomerate fell on the stock exchanges and Hurricane Ian caused high insurance losses in Florida on September 28, Berkshire Hathaway announced a quarterly loss of $2.69 billion on Saturday. In the same period last year, a profit of 10.34 billion dollars had been posted. Analysts were nevertheless positive. The 92-year-old Buffett has headed the investment company since 1965 and is regarded by his fans as a role model for investors.
Warren Buffett – Losing Investment Firm – Economy
