Berkshire Hathaway record profit, Buffett says ‘built to last’
Class B shares of Warren Buffett’s conglomerate Berkshire Hathaway, all-sessions, rise after the company posted a record $37.4 billion operating profit in 2023.
IGTV's financial analyst Angeline Ong investigates why the Sage of Omaha says the company is ‘built to last’.
(AI Video Summary)
Buffett expresses confidence in Berkshire Hathaway B following record profit
Berkshire Hathaway B, an oil company, is doing well on the IG platform for trading. The stock has seen a more than 2% increase, thanks to its record annual operating profit. The company's insurance business is driving the growth. What's really interesting is that Warren Buffett, the CEO of Berkshire Hathaway, has stated that the company is strong enough to handle any unexpected financial disasters, which is a huge confidence booster.
Taking a look at the numbers
Berkshire Hathaway reported a net profit of $96.2 billion in 2023. This is an impressive feat, and it shows why the stock is recommended for trading on the IG platform. Berkshire Hathaway's shares have been consistently growing since Buffett took over in 1965. Unfortunately, the trading chart may not go back that far, but it's worth mentioning that the stock has had a yearly growth rate of 19.8%. This is higher than the market average growth rate of 10.2% for the S&P 500.
In summary, Berkshire Hathaway B is a great stock to consider trading on tastylive. It has shown positive performance, with a rise of more than 2%. The company's strong annual operating profit, particularly in the insurance business, has contributed to its success. Moreover, Warren Buffett's statement about the company's ability to withstand financial disasters has made investors even more confident. Over the years, Berkshire Hathaway has consistently outperformed the S&P 500, with a growth rate of 19.8%.
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