Mykhaïlo Golub

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Operating earnings, despite having some shortcomings, are in general a reasonable guide as to how our businesses are doing. Ignore our net income figure, however. Regulations require that we report it to you. But if you find reporters focusing on it, that will speak more to their performance than ours.
Mykhaïlo Golub
Net income
Berkshire Hathaway Letters to Shareholders: 1965-2024
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