Berkshire profit sinks 64 pct on derivatives loss
OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday that first- quarter profit tumbled 64 percent, hurt by $1.6 billion of pre- tax losses tied to derivatives contracts. 3 months ago
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Berkshire's loss was forewarned by Buffett. Expect big moves from Buffett in the very near future. He is off to Europe after the shareholder meeting to find potential acquisitions.