Warren Buffett’s Berkshire Hathaway became the first publicly traded US company outside the technology sector to be valued at $1 trillion, as a small advance on Wednesday pushed its market capitalisation into a club that had been dominated by companies such as Apple and Microsoft.
Mr Buffett, who turns 94 on Friday, has spent the year selling off stocks – including half of the stake in Apple that generated a mammoth trading profit for Berkshire – and pumping the proceeds into cash and short-term Treasuries.Oasis gigs: ‘Technical error’ led to cancellation of Manchester hotel bookings, says DalataLeaving Australia: ‘I decided my best option was to move back to Ireland’
“The first is don’t lose money,” Mr Muscatello said. “The second is don’t forget rule number one and let the laws of compounding work over an incredibly long period of time.” The company’s cash pile soared to a record high of $277 billion in June as Mr Buffett found few appealing investments in public markets. While periods of relatively sparse deal making have troubled Berkshire investors in the past, few are ringing alarm bells now, as the company looks to have avoided some of the troubles that have befallen private equity buyers who were active in 2020 and 2021.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: IrishTimes - 🏆 3. / 98 Leer más »