No. of Recommendations: 3
"If the taxable gain on sold positions (essentially Apple) was on the order of $60bn, and the net of all realized sales was more like $7bn, does that mean that other things were sold realizing a loss of $53 billion?"
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I believe the $7B refers to the difference between the realized value and the value of the securities sold AT THE BEGINNING OF THE PERIOD, i.e. as of 3/31, given that Berkshire effectively accounts for those unrealized gains every quarter in its P&L, as Buffett notes in every quarterly earnings release.
