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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Warren Buffett stock tops $200,000 a share

Warren Buffett stock tops $200,000 a share

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Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Berkshire Hathaway stock is the Rolls Royce of the stock market. It has the price tag to prove it.

Not only is the company run by legendary businessman Warren Buffett, but the Class A shares of Berkshire Hathaway (BRKA) eclipsed the $200,000 mark for the first time ever on Thursday.

One share of the "Warren Buffett stock" now costs about the same as the median home in the United States.

Buying Berkshire stock is essentially a bet on the 83 year-old Buffett himself. He is heralded as a demi-god in the investment world. The scene at the annual Berkshire Hathaway Investor Day in May resembles a rock concert or state fair with tens of thousands of people, and someone paid $2.2 million in a charity auction for a lunch with Buffett.

Berkshire is actually a conglomerate that takes stakes in many different business. Over the years, Berkshire has been involved in a wide swath of industries including railroads, insurance, manufacturing, retail, newspapers, and food and beverage.

Its newest stake, which the company revealed Thursday, is in the cable company Charter Communications (CHTR). It bought 2.3 million shares, according to a filing with the SEC, which is worth about $361 million.

The guiding principle of the firm has always been to find solid companies that will do well over the long-term -- for years, not just a few quarters. The "buy and hold" mentality.

Earlier this month, the company reported that it grew its profit by $2 billion in the second quarter. Berkshire Class A (BRKA) shares are up over 13% this year -- far ahead of the Dow and S&P 500.

http://money.cnn.com/2014/08/14/investing/berkshire-buffett-stock-record-high/index.html?iid=HP_LN

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

eclipsed the $200,000 mark Shocked 

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Value investing at its best Smile The Oracle of Omaha Smile

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