Does the $43.8 billion loss strike the fame of Warren Buffett? The recent stock plunge caused massive chaos due to slugged U.S stock market.
Although the operating profit of Berkshire Hathaway was not bad, generating nearly $9.3 billion, it is a stagnant record compared with other companies in a high inflation economy.
But it is hard to ignore the massive loss from three significant holdings such as Apple Inc, Bank of America Corp, and American Express Co.
Finally, Warren said to investors, “Don’t worry about the stock plunge, ” which will be regained again when stock prices rise.