Explaining losses on brk.b

So Berkshire Hathaway lost $54 billion dollars in operating profit and $43 billion in net income.

Now don’t worry and sell out. According to general accounting rules Berkshire Hathaway must report gains/losses on their stocks even if they haven’t bought or sold stocks.

This is kind of a service announcement because I remember someone saying there’s going to be a recession because of Berkshires massive loss. Obviously that statement is not true, it’s just looking at the market the past 3 months.

Using Reddit to buy and sell stocks is a very bad idea. PLEASE do more DD after a Reddit post. There are SEC filings for a reason.

Thanks for reading my TED talk,
-baljeetthemeat