Berkshire makes a triple jump.

Buffet's Berkshire's net income triples.
The investing baron often touts book value.
Book value is the written down value, that of assets minus laibilities.
It gives the exact picture of the status of the company.



Many conglomerates assume a cooked up value.
Cooked up value is an assimilation of fictitous revenue, fabricated expenses and exaggerated valuation of assets.
It renders a duplicate aggregation.



In times of recession this articulate performance by Buffet is amazing.The net income of Omaha, rose to $3.24 billion,or$ 2.087 per class A share,from $1.06 billion ,or $682, a year earlier.

Berkshire is the bellweather for the U.S. economy.It is diversification that has brought so much profit to Buffet .