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Buffett’s Peak Quarter Brings New Records on Profit and Cash

  • Berkshire’s 2019 net income is highest of any public company
  • Cash pile also hit a record even with $10 billion investment
Warren Buffett
Warren BuffettPhotographer: Christopher Goodney/Bloomberg
Updated on

Warren Buffett’s third quarter in many ways marked a new peak.

To start, Berkshire Hathaway Inc.’s operating profit topped its best levels. That was lifted by record earnings from BNSF railroad, his biggest-ever acquisition. Gains on his stock bets pushed the conglomerate’s 2019 net income to a staggering $52 billion, making Berkshire the most profitable public company in the world.