Comment on Buffett firm's 4Q up 49 pct. on paper gains

Buffett firm's 4Q up 49 pct. on paper gains

Warren Buffett's company reported a 49 percent surge in fourth-quarter profit because of a big paper gain on its investments and derivative contracts, but the investor called the year subpar as Berkshire's results lagged the S&P 500.<p/>Buffett recounted Berkshire Hathaway's 2012 performance Friday in his annual letter to shareholders.

 

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