Berkshire Has Worst First Half Since 1990

P

palenimbus

"July 2 (Bloomberg) -- It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since December.

The decline exceeds the drop of the Standard & Poor's 500 Index and marks the worst first half for the Omaha, Nebraska- based investment and holding company since 1990. Price competition has driven down revenue at Berkshire's insurance units, which account for about half of its income."

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGO0z0CHui9I&refer=worldwide
 
Insurance will hurt the Oracle for the forseeable future.

It is much more competitive than it used to be.

I just got my agent to lower my auto, home, business and umbrella insurance 35% by merely threatening to go with another company.

And they raised my policy limits, for that lower price, too.
 
You must log in or register to reply here.
Back
Top