When Warren Buffett Wakes Up In The Morning

Right now, Warren Buffett’s holding company Berkshire Hathaway pumps out about $12 billion per year in annual profit. Because it owns extensive insurance operations that experience fluctuating profits, it is not as easy to determine Berkshire’s normal earnings power as it would be, for say, Kraft’s food packaging divisions which have pretty predictable demand for macaroni and cheese, Oscar Meyer hot dogs, and Maxwell House coffee, but still–$12 billion is a good estimate of what “normal” profits look like each year for Berkshire shareholders.

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