Billionaire investing legend Warren Buffett is crushing the stock market this year after steadily billions of dollars in a bet that is extremely close to home.
In the past six years, Buffett has led $ 77.8 billion to the purchase of shares of his own company, Berkshire Hathaway.
BIG has paid for this enormous investment, with Berkshire’s shares of almost 16% years of jumping to date, while the S&P 500 slides around 3%.
Buffett paused the return at the end of last year and hinted that he may see fewer bargains ahead, with Berkshire’s various interests that are insurance, railways and energy that adds fuel to the rally.
In recent months, Buffett has also removed Berkshire’s capital from US shares and sold $ 5.5 billion in the Bank of America shares at the end of 2024.
He is now in a huge cash stack of $ 334 billion and recently invested in five Japanese trading companies.
His new effort includes Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.
Although Buffett, now 94, says that he has no plans to withdraw from his role as CEO, he has outlined a follow -up plan.
He has appointed his three children to supervise a charity that will distribute 99.5% of his Fortuin of $ 150 billion after his death and says that Greg Abel takes over when CEO is good.
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