Even an Oracle can have an off quarter. Warren Buffett’s Berkshire Hathaway reported a $1.58 billion loss in the first quarter of 2022, a significant reversal from the nearly $5 billion gain it saw at the same period of 2021. Berkshire, a legendary US company that owns a diverse array of brands including insurance provider Geico and See’s Candies, reported $5.4 billion in profits, off 53% of the $12 billion they netted last year.
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