Warren Buffett has used his annual letter to Berkshire Hathaway shareholders to criticise companies that rely on “adjusted earnings” which disguise firms’ actual performance while again expressing frustration at accounting rules that oblige the investment conglomerate to reflect quarterly changes in the valuation of its assets through to earnings.
For details on how to subscribe or for all commercial opportunities, including advertising, please contact:
Tel: +44 (0) 203 934 6687
Tel: +44 (0) 203 934 6684
Subscribers get access to: