NEW YORK (Bloomberg) ? Berkshire Hathaway Inc., run by billionaire Warren Buffett, said fourth-quarter profit fell 30 percent on fewer investment gains.

Net income dropped to $3.58 billion, or $2,323 a share, from $5.13 billion, or $3,330 a share, a year earlier, the Omaha, Nebraska-based company said yesterday in a statement. Results a year ago included a $3.25 billion gain from Berkshire's stake in Gillette Co., which was acquired by Procter & Gamble Co.