Warren Buffett invests 99% of his wealth in Berkshire Hathaway, a $875bn diversified conglomerate with a recession-proof insurance segment.
Warren Buffett, worth over $127bn, invests 99% of his wealth in Berkshire Hathaway stock, transforming it into a $875bn diversified conglomerate. Berkshire's insurance segment, including Geico, is recession-proof and has historically outperformed the S&P 500 during bear markets. Despite trading at a premium to its book value, Berkshire shares have matched S&P 500 performance in recent years.
July 06, 2024
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