Despite the Magnificent Seven — or three — powering the S&P 500, the long list of companies hitting new record highs shows another side of the market concentration conversation.
Renowned investor and Berkshire Hathaway Inc. Chairman Warren Buffett has built a financial empire reaching a nearly $1 trillion market capitalization, a milestone that places the conglomerate on the verge of joining an elite global club. Despite this achievement, Buffett regards his investment in Berkshire Hathaway, a then-struggling textile company, as the "dumbest stock I ever bought" believing that the company’s value could have potentially doubled. Don't Miss: The average American has $65,1
When Warren Buffett speaks, investors listen. Or at least they should. Buffett has long been known as one of the greatest investors the world has ever seen. On Feb. 24, Buffett shared Berkshire Hathaway Inc.’s 2023 shareholder letter. While all 17 pages are worth a read, some tidbits are more impactful than others. Here are six lessons that may change the way you invest and/or manage your finances. Buffett reiterates his lifelong strategy of investing heavily in U.S. equities, illustrating the b