Buffett's Berkshire Hathaway invests $87 million in low-valued, straightforward Sirius XM stock.

Warren Buffett's Berkshire Hathaway has invested $87 million in Sirius XM, the only confirmed stock purchase in recent months. This move comes as Buffett has been selling more shares than buying, including significant sales of Apple and Bank of America stocks. Sirius XM, the sole U.S. satellite radio operator, appeals to Buffett due to its low valuation and straightforward business model, aligning with his investment principles.

October 19, 2024
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