Should You Buy Berkshire Hathaway While It's Below $550?
While the stock market has been selling off recently, one stock that has bucked the trend is Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A). Its shares are up more than 15% year to date as of this writing, and the stock is trading near an all-time high.Let's look at why Berkshire has outperformed the market and whether the stock is a buy at current levels.One of the big reasons for Berkshire's strong performance in the face of market declines is the huge cash position it has built. The company essentially acts as the investment vehicle for its CEO and famed investor, Warren Buffett. Berkshire is a conglomerate that owns businesses in a variety of sectors, but Buffett is particularly fond of insurance companies, since he gets access to capital through their float.Continue reading
While the stock market has been selling off recently, one stock that has bucked the trend is Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A). Its shares are up more than 15% year to date as of this writing, and the stock is trading near an all-time high.
Let's look at why Berkshire has outperformed the market and whether the stock is a buy at current levels.
One of the big reasons for Berkshire's strong performance in the face of market declines is the huge cash position it has built. The company essentially acts as the investment vehicle for its CEO and famed investor, Warren Buffett. Berkshire is a conglomerate that owns businesses in a variety of sectors, but Buffett is particularly fond of insurance companies, since he gets access to capital through their float.
