$45 billion loss in airlines ? So what else, did they - sold ? (~$40 billions still missing, must be Bernie Sanders cooking the books or smth) Let's say they sold those airlines with 50% loss. Then, they had ~0.5% realized loss on their holdings. Meanwhile media : ,,BRK Record Loss''
I posted: Berkshire Hathaway, the investment vehicle of US super investor Warren Buffett, suffered a record loss of EUR 45 billion in the past quarter. I never said a $45 billions loss on airlines. The loss was the total loss of Berkshire for the first quarter. So not just airlines. It was the P&L of the first quarter. https://www.barrons.com/articles/be...down-the-value-of-its-investments-51588423177
His company earned 6bn in cashflow. They took a 50bn mark down on their equity portfolio. We know in April a lot of that came back.
Hum....actually WizzAir and RyanAir started business in London Luton since Friday: Wizz Air resumes overseas flights from Luton as passengers 'sit 2m apart https://www.mirror.co.uk/news/uk-news/wizz-air-resumes-overseas-flights-21961645 Wizz Air resumes flights to Spain, Portugal and Hungary from today Read more: https://metro.co.uk/2020/05/01/wizz-air-resumes-flights-spain-portugal-hungary-today-12640700/?ito=cbshare Ryanair: https://www.businesstraveller.com/b...ir-extends-limited-flight-schedule-to-may-14/
Ok. This is confusing, look at the sequence : Then you jump in with this statement : So they had ~$3B in realized losses on airlines. ~0.5% of their size. Media says : Loss After $54.5 Billion Hit to Its Investments While in reality it's around $3B. i said : This is what another source says : ,,Most of the Berkshire losses were attributable to the enormous drops in the value of the companies that Berkshire owns in its investment portfolio rather than in declines in sales and profits at its own subsidiaries.'' source : https://www.msn.com/en-us/money/com...orts-nearly-dollar50-billion-loss/ar-BB13vExW This is what happens, when one chats with multiple people at once and i still wonder, where is the rest of realized $37 B in losses. If there's non, than as i mentioned (and article above) : And that statement, was the beginning of our chat. p.s Not that i am aware of, but if there is, those $37B of longs that got closed, sorry then. p.s.s I had in mind, - when you hold shares of the company, which are selling 50% - 80% below the real value of the whole enterprise. One doesn't use SL orders in that game, you just wait, for the price to catch up, with the real value of the company. Media also tries to spread the message, that this isn't happening anymore (the shadow of Benjamin Graham times), while in reality, it still does.
Maybe you should first learn the rules how participations should be valued in the books. In the bookkeeping of Berkshire it was a loss of $45 billion. This loss of course consists of many difference things. Loses from airlines, losses from stocks in portfolio that went down, and probably many other things. If you wish to know exactly where these losses come from I suggest you read the quartely reporting of Berkshire. There you find all details of these losses. I said 45 billion. MSN said 50 billion. So the value of Berkshire at the end of Q1/2020 was $45 billion less than Q4/2019. What's confusing about that? Each quarterly reporting only shows the exact situation at that moment. They call this bookkeeping. The cashflow you speak about has no influence at all. Cashflow cannot change a loss, as cashflow has nothing to do with P&L. Whether the cashflow is zero or $100 billion will not change the reported loss of$45 billion. It will still be a loss of $45 billion. Off course value in three months will be different. But that has always been so, and will always be so. Next month they can be up $50 billion. Or lose even more. Probably/normally they will recover part of the losses.
Alright Virtusa, never mind. Later, i will read that which you wrote, for the second time, might learn a thing or two.
Buffet net worth 1998 - 25B Buffet net worth 2020 - 72B +188% Dow Jones 1998 - 8,000 Dow Jones 2020 - 24,000 +200% Edge lost. Buffet made all his money charging fees lets remember. If he had simply invested his own money and traded his own account, He probably wouldn't even have more than a few million. (Because he'd have to pay for his own expenses like flying, and tax preparation, research assistants, ect. out of his own pocket and not the company's)
Have you included $34B for charity & compound that it might have had ? https://www.investopedia.com/ask/an...ritable-donation-warren-buffett-ever-made.asp That a lot of money since 2006.