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As of Mon 2/8/2016 4:59:00 PM | USD
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Sokol's resignation clouds Berkshire's succession plan, while his Lubrizol trades tarnish to some extent the firm's legacy of strong ethical behavior.
Quarterly results were an improvement on prior-year earnings, though book value per share came in lower than we expected.
Berkshire's non-insurance operations continue to be an added source of stability while reinsurance operations continue to struggle.
2013 results once again demonstrate the value of Berkshire's diversified portfolio, as solid and consistent performance from the firm's non-insurance operations helped smooth out some of the volatility seen in its insurance businesses.
Noninsurance operations continue to be a source of stability, while its insurance business overall may see more meager results during the next couple of years.
Morningstar's Gregg Warren, who will be on the analyst panel at this year's meeting, details the questions he hopes Buffett and Munger will address.
Just about every segment at Berkshire was dealing with elevated costs during the first quarter.