Reported 18 days ago
Following the sale of 235 million shares of Bank of America, Berkshire Hathaway has made American Express its second-largest holding. The conglomerate, led by Warren Buffett, has maintained American Express as a core investment for three decades due to its strong brand and solid business model, which successfully targets a premium clientele. Despite some credit risks, American Express's focus on high-spending customers positions it well for growth in favorable economic conditions.
Source: YAHOO