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Investing.com - Berkshire Hathaway reported a 5.8% drop in third-quarter operating earnings on Saturday, weighed down by weaker insurance results even as its cash pile climbed to a record $377.4 billion and the conglomerate stepped up share repurchases. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Operating profit - which Warren Buffett considers a truer reflection of operational performance than net income because it excludes unrealized investment gains and losses—slipped to $12.7 billion from $13.48 billion a year earlier, according to a company regulatory filing.
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