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2024-08-28 15:37:13

Coffee ☕ on Nostr: Warren Buffett's Berkshire Hathaway has become the eighth US company — and first ...

Warren Buffett's Berkshire Hathaway has become the eighth US company — and first group outside the technology sector — to reach a valuation of $1tn.

Berkshire has been transformed by Buffett over the past six decades into a dominant force that touches almost every corner of the American economy.

Buffett, who turns 94 this month, has spent the year selling off stocks — including the halving of Berkshire’s stake in Apple that generated a mammoth trading profit — and pumping the proceeds into cash and short-term Treasuries.

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