Berkshire Pounces on Market Slump

The video discusses Berkshire Hathaway's financial activities, highlighting its net buying of equities in 2022 compared to being a net seller in 2021. It also covers Warren Buffett's reduced stock buybacks and Berkshire's significant investment in Occidental Petroleum. The video further examines Berkshire's operating profits, with a focus on GEICO's underwriting losses due to higher claims and market challenges.

What was Berkshire Hathaway's approach to buying equities in the second quarter?

• They focused solely on buybacks.

• They did not engage in any equity transactions.

• They were net buyers of equities.

• They were net sellers of equities.

How did Warren Buffett's buyback of Berkshire's own stock change in the second quarter?

• It remained the same.

• It was completely halted.

• It increased significantly.

• It declined slightly.

What was the status of Berkshire Hathaway's cash reserves at the end of June?

• $95 billion

• $105.4 billion

• $110 billion

• $100 billion

Which sector showed a notable underwriting loss for Berkshire Hathaway?

• Petroleum

• GEICO

• Insurance

• Railroad

What factors contributed to GEICO's underwriting loss?

• Auto parts surplus

• Decreased used car prices

• Higher claims and auto parts shortage

• Increased market share