Warren Buffett’s Latest Stock Market Profits

Reports from Barclay’s Capital estimate that Berkshire Hathaway (BRK-A) may have have made as much as $6.3 billion in the fourth quarter of 2010, led by gains in Coca-Cola (KO) and Wells Fargo (WFC).

Warren Buffett

Wells Fargo rose 23% in the fourth quarter, while Coca-Cola gained 12%. Berkshire’s equity portfolio was valued at $57.6 billion as of the end of the third quarter, and had more than 33% of its assets in these two companies.

Jay Gelb, a Barclays analyst, said Berkshire’s book value “could rise about 6 percent, due to its significant exposure to equities.”

Gelb was also positive on results from Burlington Northern, and pretax earnings at Berkshire’s division that includes toolmaker Iscar Metalworking Cos. and NetJets Inc.

Warren Buffett continues to make fools out of all those who say that time has passed him by. Not so fast my friends. Warren continues to pull the right punches, and we’re just left to stare and awe.

This article is originally published at Benzinga.com by Roger Nackman

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!