Warren Buffett’s bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year.
In a time when Buffett has been a net seller of stocks and lamented a dearth of opportunities capable of"truly moving the needle at Berkshire," he has apparently found something he likes — and in the financial realm no less.The identify of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday at the company's annual shareholder
"When you are the G.O.A.T. of investing, people are interested in what you think is good," said Glenview Trust Co. Chief Investment Officer, using an acronym for Greatest of All Time."What makes it even more exciting is that banks are in his circle of competence."32-year-old mom's Poshmark side hustle brings in nearly $4,000 a month—she only works 3 to 4 hours a daythe S&P 500 over nearly six decades with a 19.8% compounded annual gain, compared to the 10.
That's because the cost basis of banks, insurers and finance stocks owned by the company jumped by $3.59 billion in the second half of last year, the only category to increase, according to separate Berkshire, leading investors to estimate that the wager could be as large as $4 billion or $5 billion through the end of 2023. It's unknown whether that bet was on one company or spread over multiple firms in an industry.
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