Buffett’s Berkshire Hathaway surges past $1tn market value

Quick Summary:

Buffett has sole discretion over the buyback programme and generally curtails buying when he believes the stock is overvalued.

The surging valuations in Berkshire’s shares and the wider stock market have not been lost on Buffett.

Buffett has anointed longtime Berkshire executive Greg Abel as his heir apparent.

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Article Details

Author / Journalist: Eric Platt

Category: MarketsFinanceInvesting

Markets: United States

Topics: Berkshire “the Company Company’s Cash Companies Buffett Stock First Been Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 20:12:43 (4 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22292726

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 7 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #3

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