Berkshire Hathaway Stock Soared in Q1 While the S&P 500 Struggled. Here's Why.
Many investors consider Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) a proxy for the stock market. After all, owning it gives you exposure to shares in many big companies hand-picked by one of the best investing minds ever. CEO Warren Buffett also has dozens of operating businesses under the Berkshire umbrella.That makes it a diversified way to own mostly domestic stocks and businesses that track the U.S. market while hoping to exceed market returns over the long term. Yet Berkshire stock blew past the market in the first quarter.The stock soared by 17.3% in Q1, according to data provided by S&P Global Market Intelligence. That compares to an S&P 500 index that had its worst quarterly return since early 2022, falling by 4.6%. Continue reading
Many investors consider Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) a proxy for the stock market. After all, owning it gives you exposure to shares in many big companies hand-picked by one of the best investing minds ever. CEO Warren Buffett also has dozens of operating businesses under the Berkshire umbrella.
That makes it a diversified way to own mostly domestic stocks and businesses that track the U.S. market while hoping to exceed market returns over the long term. Yet Berkshire stock blew past the market in the first quarter.
The stock soared by 17.3% in Q1, according to data provided by S&P Global Market Intelligence. That compares to an S&P 500 index that had its worst quarterly return since early 2022, falling by 4.6%.
