Berkshire Hathaway Inc (BRK.B)

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"Warren Buffett and Charlie Munger answered some tough questions at Berkshire Hathaway's annual meeting"

"Berkshire Hathaway (BRK-A, BRK-B) held its annual shareholder meeting in Omaha, Nebraska. Led by chairman and CEO Warren Buffett and vice chairman Charlie Munger, the meeting draws around 42,000 investors, both young and old, seeking wisdom from the investing legends.

Buffett kicked things off by addressing Berkshire Hathaway’s Q1 net loss of $1.14 billion, which the company reported on Saturday morning. This was largely due to an accounting change that forced the company to report $6.2 billion in unrealized losses in its stock portfolio. The key word here is “unrealized,” which means that these were just paper losses. This is unlike “realized” losses which are booked from actually selling stocks.

“It really is not representative of what’s going on in the business at all,” Buffett said."

https://www.yahoo.com/finance/news/warren-buffett-charlie-munger-lead-berkshire-hathaways-annual-shareholders-meeting-124006252.html