Berkshire Has Worst First Half Since 1990

Discussion in 'Stocks' started by palenimbus, Jul 2, 2008.

  1. "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."
  2. gehko


    I can hear the brokers now "If you liked it at $151,650.00 a share you will LOVE it at $120,100.00!!!!!"
  3. 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.