Published On Aug 28, 2024, 11:12 AM
Berkshire Hathaway has reached a monumental milestone by surpassing a $1 trillion market capitalization for the first time, driven primarily by the strategic stock sales of Bank of America by Warren Buffett. This achievement emphasizes the strong market performance of Berkshire, attributed to Buffett's investments and financial maneuvers.
Berkshire Hathaway's stock has consistently performed well, and with this significant market cap milestone, it reflects investor confidence in Buffett's leadership and investment strategy. The ongoing sales of Bank of America shares could indicate strategic adjustments, but the overall sentiment remains strong for long-term growth.
Sep 12, 2024, 8:47 AM
The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.
Aug 30, 2024, 9:21 AM
"It's been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight," Oaktree's Howard Marks said.
Aug 28, 2024, 4:10 PM
The conglomerate joined a small club of companies that have crossed the mark.