Buffett Buys $3.8 Billion In Stocks, Loses 10 Times That On Paper

Warren Buffett bought more stock for his hedge fund and logged a massive paper loss during the second quarter, according to results out Saturday. Wait. I'm sorry. It's not a hedge fund. It just looks like one to some people, sometimes. A hedge fund built atop a giant insurance float. But that's not what Berkshire is. Berkshire's a "conglomerate." ("I am not the hedge fund. You're the hedge fund. I'm 'The Conglomerate.' So, that's what you call me, you know?") Berkshire's Q2 report showed Buff