You're not the only one who's losing money on their investments, the legendary Warren Buffett is with you as well

 The Oracle of Omaha, Warren Buffett is probably one of the best investors of all time if not the best. He has been the legend or the figure most long-term investors look up to. 

Buffett's Berkshire Hathaway posted its Q3 earnings a few days back, and unsurprisingly the company also posted a net loss on their investments. Even though the company posted $7 Billion in operating earnings from their other businesses like insurance, railroads, and utilities, the company reported a $10.1 Billion loss on their investments during Q3 because of the recent market turmoil which has brought the total losses to $63.9 Billion for 2022 till now. 

The legendary investor once again told investors again that the amount of investment losses in any given quarter is "usually meaningless."

But on a broader view, shares of Berkshire Hathaway have been outperforming the markets this year with the stock just being down by 3% this year, compared to the S&P's  21% downfall. And even after the recent losses the company posted in Q3, the stock just remains 0.6% down in the third quarter. 

The conglomerate amassed a cash pile of $109 Billion at the end of September compared to June's $105 Billion.

Berkshire's stock has been one of the safest investment options that any investor could get, it is just like owning the same assets that the legend Warren Buffett owns. Not a bad option!

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