Did Warren Buffett Really Lose Almost $44 Billion in 3 Months?
It's been an "interesting" year on Wall Street. I say interesting with quotes because we've witnessed some truly unprecedented economic data and headlines. In no particular order, we've:
As if this wasn't enough, Wall Street was graced with an eye-popping headline following the release of Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) earnings report on Aug. 6, 2022. In the three months ended June 30, 2022, Berkshire Hathaway lost -- and I hope you're sitting down for this -- $43.76 billion dollars.
How on Earth did Berkshire CEO Warren Buffett, one of the greatest investors of our generation, manage to lose almost $44 billion in three months' time? Let me spoil it for you: All is not what it seems in Berkshire's quarterly earnings report.
Source Fool.com