Barclays Bank PLC Extends Consent Solicitation Period for Select iPath® Commodities ETNs
Berkshire's non-insurance operations continue to be an added source of stability while reinsurance operations continue to struggle.
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.
Quarterly results were an improvement on prior-year earnings, though book value per share came in lower than we expected.
Morningstar's Gregg Warren discusses potential successors to Warren Buffett and how Berkshire might change after his departure.
Wide-moat Berkshire Hathaway saw solid top-line results from each of its main segments, but losses from investments, derivatives, and eliminations sent earnings lower.
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.
Management's ability to continuously reinvest earnings into Berkshire subsidiaries, which mostly have their own moats, will keep the firm's competitive advantages solid over time.
Although the public is still uncertain who will succeed the Oracle, the split-up of the chairman, CEO, and investment roles likely won't alter Berkshire's overall strategy.
Just about every segment at Berkshire was dealing with elevated costs during the first quarter.