Buffett’s Berkshire sees profit fall amid wildfire losses, draws thousands to Omaha meeting – Times of India
Warren Buffett’s Berkshire Hathaway reported significantly lower profits Saturday morning, posting just over one-third of last year’s earnings—moments before thousands of shareholders poured into an Omaha arena to hear from the legendary investor himself.The drop in profits was largely due to a steep decline in the value of Berkshire’s investments and $860 million in insurance…