Even though Berkshire Hathaway posted loss of USD 53 billion in 2Q, it is actually due to floating losses since accounting rules require Berkshire Hathaway to include unrealised gains and losses from its investment portfolio.
Actually Berkshire's operating earnings rose to USD9.3 billion from USD6.7 billion in previous year. Earnings grew at all of its major units including railroad, utilities, energy and insurance as well.
Berkshire Hathaway still have a significant cash pile at USD105.4 billion waiting to be deployed.
I will go in tranches to buy Berkshire with Target price of USD280 to USD290 as it is hard to predict the bottom.
The present market offers great opportunity to buy Berkshire Hathaway as it is trading at very attractive levels. I can foresee that Berkshire Hathaway's performance will improve later this year as inflation levels will drop due to the Feds interest rates hikes and supply chain disruption easing off.
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