Warren Buffett's Berkshire Hathaway Inc reported a 77% drop in third-quarter earnings hurt by declining insurance profits and a $1.05 billion investment loss.Berkshire began the year with an unrealized $1.67 billion loss on its futures, options and other derivative contracts. Berkshire and Buffett have made several deals over the past two months including a $5 billion infusion in Goldman Sachs and a $3 billion stake in General Electric.Those deals aren't reflected in this quarter's results.
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