Berkshire Hathaway's third-quarter profits decline 11%

Warren Buffett's company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash.Berkshire Hathaway said it made $16.52 billion, or $10,119 per Class A share, in the quarter, down from $18.54 billion, or $11,280 per Class A share, a year ago.Buffett has long said Berkshire's operating earnings offer a better view of quarterly performance because they exclude investments and de