Berkshire Operating Earnings Rise on Insurance Strength

The video discusses Berkshire Hathaway's recent financial performance, highlighting a $10.04 billion operating margin, driven by a strong insurance business and improved GEICO performance. Despite challenges like rising costs and decreased railroad earnings, Berkshire benefits from rate rises and a large cash reserve. The company has shifted to selling equities, including Apple, and reduced stock buybacks, reflecting a cautious investment strategy.

What were the reasons for the decline in railroad earnings for Berkshire Hathaway?

How has Berkshire Hathaway's cash hoard changed, and what is its current status?