Berkshire-Hathaway lost $48.3 billion in its most recent quarter.
The company owns many companies, including Tim Horton’s, Burger King, Popeyes and Kraft-Heinz.
It’s major investments are in re-insurance and insurance companies, including Geico.
Despite the huge net loss, “the results show Berkshire’s resilience,” said James Shanahan, an Edward Jones & Co. analyst who rates Berkshire “neutral.”
“Businesses are performing well despite higher interest rates, inflation pressures and geopolitical concerns,” he said. “It gives me confidence in the company if there is a recession.”