Updated: Jan 22, 2021
A-Z Series! Next Up is Letter- B
Warren Buffett's #BerkshireHathaway scoops up its own stocks while pandemic hits profits. Really?
During this elephant-sized deal, what was most talked about was "What does Berkshire Hathaway actually do?"
It is a massive holding company for a multitude of businesses, run by famed investor #WarrenBuffett. It owns a variety of well-known private businesses, such as GEICO, and also has minority interests in public companies, such as #Apple.
2,744,062%: Overall return of Berkshire Hathaway’s stock from 1965 to 2019.
Joining the dots, it all does make sense as Berkshire Hathaway's Class A stocks is the costliest stock in the world, with its price sitting at roughly $300,000 a share.
This is primarily due to CEO Warren Buffett's choice to not split the shares as they rise in value. Logic being, keeping the share price so high drives away traders looking to make a quick buck!
Think about what would selling a single share of Berkshire Class could buy you right now?
To start with let's just say, 1400 Apple shares!