On August 6, Berkshire Hathaway reported that the massive conglomerate posted a net loss of nearly $44 billion in the second quarter, red ink that was due mostly to a big drop in the value of Berkshire's significant stock portfolio. CEO Warren Buffett is pictured here in Nebraska in 2018.
Mandatory Credit: Rick Wilking/Reuters
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Warren Buffett's company lost $44 billion last quarter, but it's not really bad news
Warren Buffett is just like the rest of us. He got crushed by the plunge in the stock market during the first half of the year. But the Oracle of Omaha is undeterred by the wildness on Wall Street. Berkshire Hathaway is still buying and many of the the company's diverse business lines are still thriving, even in these uncertain economic times.
