- y/y Q3 net profit up to USD 5.05 bln vs 3.9n bln prev
- revenue up 13% to USD 46.5 bln
- stock portfolio valued at USD 106.8 bln on Sept. 30, up from USD 103.3 bln at the end of June.
The sizeable increase in Warren Buffet’s returns is largely due to the investments made at the height of the financial crisis in GE, Goldman Sachs, and railroads amongst others.
Berkshire invested USD 5bln in Goldman at 10% interest and had the right to buy a further 43.5 million shares for USD 115 per share – less than Goldman is currently trading – on 1 October.
