The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.
Warren Buffett's Berkshire Hathaway is a sprawling conglomerate. But at its core, it's an insurance company. Because of this, its earnings can be quite misleading. Like with banks, the balance sheet plays a much bigger role. Anand shares an example Buffett himself gave on why Berkshire's earnings can't be taken at face value.
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At the time thisarticle was published Anand Chokkavelu, CFA, owns shares of Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway.Motley Fool newsletter services recommendBerkshire Hathaway. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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