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The most famous investor and one of the richest people in the world is Warren Buffett, whose fortune is worth about $146 billion. At the same time, Buffett has been a director of the Berkshire Hathaway conglomerate for decades, liquidating his investments through the company and parking the vast majority of his assets in it.
Today, the company has reached an important milestone, breaking through the $1 trillion market cap. Historically, only a few companies have successfully overcome this limit, including apple, Microsoft, Nvidia, letter, Amazon, Yuan, Tesla, Saudi Aramco regardless TSMC. So basically, it’s the first non-tech American company to join this exclusive club.
So Buffett is not only the most successful investor in history, but also one of the most successful corporate directors. He bought his first stock at the age of 11 and pledged to donate more than 99% of his wealth to charity. To date, he has donated $50 billion through various foundations.
Overcoming this circular boundary was caused by several factors. The company announced good economic results some time ago. Berkshire That is, it directly owns dozens of companies, mainly in the fields of insurance, industrial, energy, transportation and services, which have performed very well in recent years. In addition, about 30% of the company’s value is made up of investment portfolios, including Apple or Coca Colaand also hit historical highs.
The remaining approximately 30% of the company’s value is in cash, about $280 billion, or stored in short-term bonds, which generate billions of dollars in additional profits every quarter. The company’s very broad product portfolio is one of the reasons for its growth. Berkshire is generally considered a successful company. “In any weather”.
The company owns stable companies in many traditional stable industries in the direct economy, and Buffett has historically made very good investment sense in other companies. In addition to this, he currently has a large amount of cash waiting to be invested in interesting situations that may occur in the market at any time.
Because of this, the company’s stock price has risen by about 30% this year, significantly outperforming the S&P 500 index, which has risen by 18%. This helped the company cross this magical threshold in two days and become the first non-tech company in the United States to be listed on the New York Stock Exchange. Warren Buffett Will celebrate his 94th birthday. So we wish Buffett all the best in advance!
（XTB is a content partner of this site Openazochi）
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