When asked about the company’s release strategy, Berkshire Hathaway didn’t provide an immediate response. However, Buffet had previously shed light on his reasoning behind this unique approach. In a 2018 letter to shareholders, Buffet addressed the issue of media reports potentially generating unnecessary panic or excessive optimism among readers and viewers.
To alleviate this problem, Berkshire Hathaway deliberately publishes its financial reports late on Friday, well after the markets have closed, or early on Saturday morning. By doing so, the company provides maximum time for analysis, allowing investment professionals to offer informed commentary ahead of Monday’s market opening.
A Weekend of Analysis
This weekend, investors will have ample material to analyze as Berkshire Hathaway recently reported its quarterly operating earnings record and second-quarter stock repurchases, which amounted to an impressive $1.4 billion. The availability of these figures throughout the weekend grants investors an extended period to thoroughly examine and interpret Berkshire’s performance.
In conclusion, Berkshire Hathaway’s decision to release its quarterly financial results over weekends sets it apart from other public companies. By providing additional time for analysis and commentary, this unique strategy serves to mitigate potential unnecessary market reactions. As investors dive into Berkshire Hathaway’s recent earnings report, it remains to be seen how they will interpret and respond to these impressive results.
