Buffett’s Berkshire pounces on market slump to buy equities ...Qatar

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Buffett’s Berkshire pounces on market slump to buy equities
Warren Buffett’s Berkshire Hathaway Inc is following an age-old adage: Buy the dip. The conglomerate was a net buyer of equities in the quarter, reporting $3.8bn in purchases, according to results released on Saturday. It was a net seller in the second quarter of last year. Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2bn as the insurance and railroad businesses posted gains. Cathy Seifert, an analyst with CFRA Research, said one business flashing potential warning signs is Geico, the company’s personal auto-insurance unit. It reported an underwriting loss of $487mn, even as the conglomerate’s o

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