Warren Buffett, the legendary investor and Chairman of Berkshire Hathaway Inc., has created a financial empire with a market capitalization of nearly $1 trillion. This achievement places the conglomerate on the brink of joining an exclusive global club. Despite this success, Buffett considers his investment in Berkshire Hathaway, a struggling textile company at the time, as the “dumbest stock I ever bought,” believing that the company’s value could have potentially doubled.
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Berkshire Hathaway’s rise to the cusp of a $1 trillion valuation comes after a surge in its stock price, driven by a strong quarterly earnings report. The company, with diverse holdings including insurance (Geico) and fast food (Dairy Queen Inc.), has seen its market capitalization reach $905 billion, with class B stock climbing 2% in premarket trading.
Its share price has increased by 17% since the beginning of the year, positioning Berkshire Hathaway to join the ranks of tech giants like Microsoft Corp. and Apple Inc., alongside other…
2024-02-28 14:05:53
Post from finance.yahoo.com