Warren Buffett warns against Wall Street pundits, credits Charlie Munger for Berkshire Hathaway’s success. Insurance thrived but utilities and BNSF railroad disappointed. Buffett plans to keep stakes in Occidental Petroleum and Japanese trading houses. Berkshire reports strong operating earnings and sets stock records. Berkshire’s eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of $37.57 billion, or $26,043 per Class A share, in the fourth quarter.
Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.