Berkshire Hathaway: The Stock That Keeps on Giving
The company's Class B shares have outperformed the market for decades, and there's no reason to think that will stop anytime soon.
52 Week Range 32757 - 43000
Berkshire Hathaway is a conglomerate holding company that owns a diverse range of businesses, including insurance, railroads, consumer goods, and manufacturing. The company was founded in 1889 by Oliver Chace as a textile manufacturing company. In 1965, Warren Buffett took control of the company and began to transform it into the conglomerate it is today. Buffett is one of the most successful investors of all time, and his investment philosophy has been highly influential. He is known for his value investing approach, which involves buying stocks that are trading below their intrinsic value. This approach has led to Berkshire Hathaway outperforming the market for decades. In the past 10 years, Berkshire Hathaway's Class B shares have returned an average of 15% per year, compared to 9% for the S&P 500. This outperformance is due to a combination of factors, including Buffett's investment skill, the company's diverse business portfolio, and its strong financial position. Berkshire Hathaway is a well-managed company with a strong track record of success. The company is led by a team of experienced executives, and it has a strong balance sheet. Berkshire Hathaway is also sitting on a large pile of cash, which gives it the flexibility to make strategic acquisitions or invest in new businesses. Given its strong fundamentals and track record of success, Berkshire Hathaway is a stock that investors should consider for their long-term portfolios. The company's Class B shares are currently trading at around $320, which is below their 52-week high of $430. This represents a good entry point for investors who are looking to buy into one of the most successful companies in the world.
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