Results for Berkshire,

Some Lessons From Warren Buffett's Annual Letter
However, if you refer to Buffett’s thoughts at the time when the Buffalo News was losing money (and when Berkshire’s textile operations were losing money), you will see just how heavily these opportunity costs weighed on him Although a company’s net income is often referred to as its bottom line, net income is, in fact, a (sub)component of comprehensive income A review of the financial statements alone is not sufficient to determine how a business’ competitive position has improved (or deteriorated) over the course of the year "Auto policies in force grew by 12