Profit Buffetts Berkshire shrinks

Revenues in insurance activities push the profits of billionaire investor Warren Buffett.

That's what the US superintendent Buffett says. Operating profit decreased 11% year on year to $ 4.12 billion, with 15% less net profit to $ 4.26 billion.

Against strong profits from its investments in energy companies (+ 28% to $ 516 million) and railways (+ 24% profit growth to $ 958 million), lower returns from the insurance sector.

The third-highest wealthiest man in the world is also suffering from a weak dollar.

Buffetts Berkshire now owns $ 100 billion in cash. Buffett (86) invested more in real estate and mortgage lenders. He continued his interest in IBM.

At the end of July, Buffett purchased $ 9 billion for Texas's largest energy supplier. The acquisition is being overestimated by a shareholder Elliott Management.

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