Berkshire Hathaway posted a record-breaking $13.49 billion in operating income for the third quarter, a 34% increase from the previous year. The conglomerate’s privately owned businesses, like Fruit of the Loom and Geico, contributed to this success. Despite currency-exchange gains, the operating income number is still impressive. The company’s structure allows for flexibility in investments, leading to long-term market-beating performance. Incoming CEO Greg Abel is expected to continue this success. Investors should consider Berkshire Hathaway’s strong performance, although it wasn’t included in the latest top 10 stocks to buy.

Read more at Nasdaq: Berkshire Hathaway Just Reported a 34% Rise in Operating Income. Here Are 3 Key Insights from the Financial Giant’s Latest Quarterly Report.