u/IntroductionAnnual41

How do the accounting rules associated with owning more than 20% impact the Q1 earnings report.

I think the impact is two fold.

1. Oxidental petroleum appreciated by about 40% and that had no effect on investment income because of their large stake.
2. Kraft Heinz and Oxidental petroleum both had great quarters so this should show up favorably on the next earnings report regardless of price action.

I bought a few shares of the New York Times $NYT. For a variety of reasons:

1. One of the last sources of evidence best information. Although slightly biased, their opinion pieces are best in the businesses. Also diversifying to games and there crossword,connections, and worlde has a cult like following.
2. I go to college and everyone in my massive school of 60k has a free subscription. This must have been millions of dollars.
3. Love reading their articles.

Anyways, I bought before Berkshire released their 13F filing. NYT crushed earnings today and is up big. Trust Berkshire they know what they’re doing.