“mark-to-mark its stock portfolio. And so when it reports…” — Motley Fool Money at 46:49
“mark-to-mark its stock portfolio. And so when it reports quarterly, it reports big increases and decreases. And Buffett says, look, here's the thing. Here's how they call it GAAP over there, generally accepted accounting principles, GAAP. And every time he says, here's the numbers, we have to report them according to…”
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