reached a $1 trillion market capitalization on Wednesday, the first non-technology company in the U.S. to score the coveted milestone.
a struggling textile business, in the 1960s and transformed the company into a sprawling empire that encompasses insurance, railroad, retail and energy with an unmatched balance sheet and cash fortress.While Buffett famously never times the market and advises others to not try to either, these recent moves served as a wake-up call to some of his followers on Wall Street, who believe he saw some things he did not like about the economy and market valuation.
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