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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: Brickeye   😊 😞
Number: of 1281 
Subject: Re: Munger's beef with GAAP changes
Date: 08/14/24 5:19 AM
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"Or is it still OK from tax law viewpoint, and he just hated giving a more accurate picture to the shareholders?"

Actually, it's the opposite. Having to report "earnings" on stock gains that aren't actually sold distorts the shareholders ability to analyze bottom line earnings. That's why Warren and Charlie said if you're looking for a snapshot of how the company's doing look at the operating earnings.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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