Reported about 1 year ago
Warren Buffett, the tenth-richest person globally, revealed in June 2024 that 99% of his net worth, estimated at over $127 billion, is invested in Berkshire Hathaway. With an ownership stake in the company for over six decades, Buffett's investment prowess has grown Berkshire into an $875 billion conglomerate. The structure of Berkshire, involving insurance and recession-proof subsidiaries, has historically outperformed the S&P 500, and the company reported strong financial results in the first quarter. Despite not being considered cheap, Berkshire stock offers potential growth and resilience, making it an attractive investment option according to CFRA analyst Catherine Seifert.
Source: YAHOO