MarketFoolery: 11.05.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 November 2012
⏱️ 20 minutes
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| 0:00.0 | It's Monday, November 5th. |
| 0:03.0 | Welcome to Market Fullry. |
| 0:05.0 | I'm Chris Hill and joining me in studio today for Motley Fool Inside Value Joe |
| 0:08.2 | Meager and from The Great White North, |
| 0:11.0 | Mr. Jim Gillies from Motley Fool Options. |
| 0:13.0 | Good to see you, my friend. |
| 0:14.0 | Welcome back. |
| 0:15.0 | Salutations. As always, it's wonderful that they let you across the border. |
| 0:18.0 | I'm as surprised as you are. |
| 0:19.0 | We have a high stakes chess match going on over at Netflix. We will get to that in a moment, but let's start with Berkshire Hathaway |
| 0:26.4 | because after the market closed on Friday, Berkshire Hathaway reported third-quarter |
| 0:30.7 | earnings, profits up 72%, 3.9 billion in profits, Joe Maker. |
| 0:36.0 | That's, it sounds like a nice quarter. |
| 0:38.6 | Yeah, it was a good quarter. |
| 0:39.6 | I mean, Berkshire's always lumpy because it's an insurance company and they have all sorts of |
| 0:43.2 | derivatives on the books that make things really noisy but when you kind of cut |
| 0:47.0 | through that the operating companies had very good quarters Burlington Northern the |
| 0:51.2 | railway had a good quarter mid Mid American Energy also did well. |
| 0:55.2 | All around the operating companies did pretty well. |
| 0:58.3 | The insurance business is doing well. |
| 1:01.0 | GEICO had a very strong quarter and overall they seem to be trending |
| 1:04.9 | well for the year but Hurricane Sandy will probably throw a little bit of a wrench in |
... |
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