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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: knighttof3   😊 😞
Number: of 15056 
Subject: Munger's beef with GAAP changes
Date: 08/13/2024 12:08 AM
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IIRC Munger made a stink about including unrealized gains and losses in GAAP earnings. Was that because Berkshire would have to pay taxes on them? Or is it still OK from tax law viewpoint, and he just hated giving a more accurate picture to the shareholders?
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