Warren Buffett is petitioning the Federal Reserve to allow him to increase his stake in the bank.
Quintessential investor Graham described the stock market in the short term as an imperfect voting machine.
Warren Buffett's Berkshire Hathaway has been boosting its stake in e-commerce giant Amazon.
Walmart and Amazon were helping boost U.S. markets Thursday.
Net earnings per average equivalent Class A Share rose to $8,608, compared with $7,301 during the same quarter that ended June 30 last year.
Operating profit slipped to around $6.1 billion from nearly $6.9 billion the same time in 2018, largely because it took a hit on insurance-underwriting earnings and so-called 'other' earnings.
Berkshire is so large and diversified that its prospects are tied to the economy as a whole, with the added benefit of being a defensive play in case of a market downturn.
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