The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for one of the largest quarterly losses ever by an American company.
NEW YORK - The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett’s equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for one of the largest quarterly losses ever by an American company.
Berkshire’s portfolio of U.S.-listed stocks, including Kraft Heinz Co , may have shrunk by 26% in the first quarter if Berkshire did no buying and selling, according to Refinitiv data and regulatory filings.fell just 20%, and Berkshire's own stock fell about the same. Still, the declines reflect challenges the pandemic poses even for Buffett, the world’s fourth-richest person according to Forbes magazine and among its most esteemed investors.
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