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Motley Fool Money

Berkshire Is Back

Aug 7, 2023
17:59

Podcast summary created with Snipd AI

Quick takeaways

  • Berkshire Hathaway's strong net income and successful insurance underwriting prove their expertise and ability to navigate the complex insurance industry effectively.
  • With over $147 billion in cash, Berkshire Hathaway remains patient in seeking suitable investment opportunities and generates risk-free income through buying treasury bonds.

Deep dives

Berkshire's Strong Q2 Results

Berkshire Hathaway's second-quarter results showed a strong boost in net income, reaching almost $36 billion. The company's insurance underwriting recorded a 74% increase, benefiting from higher interest rates and lower catastrophic losses. Despite some weakness in the railroad sector, Berkshire Hathaway's long-term buy-and-hold investment strategy has proven successful, delivering a 205% increase in stock performance over the past decade.

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