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Monday, November 05, 2007

Berkshire Hathaway profit rises 64%

Berkshire Hathaway, the company controlled by world's No 1 investor, Warren Buffett, said third-quarter profit surged 64 percent. Berkshire's Class A shares closed up US$1,250 at US$132,500, and its Class B shares rose US$25 to US$4,402. I doubt few are rich enough to buy 1,000 shares of Berkshire's shares. 1,000 shares of his Class A shares will come up to US$1,250,000!

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