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Berkshire’s Results Weren’t as Great as They Looked. A Lack of Buybacks Was a Negative.
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Berkshire Hathaway’s fourth-quarter earnings were excellent but not quite as strong as they looked because of a one-time currency benefit. It will be interesting to see how investors react Monday to the earnings, annual report, and Warren Buffett’s annual shareholder letter released on Saturday. Berkshire’s Class A stock, which finished Friday at $718,750, is just below a recently hit record and the company is valued at over $1 trillion.
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