American Express, one of the world's top credit card companies, has also long been a favorite of Berkshire Hathaway CEO Warren Buffett.
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been a money machine for his shareholders since taking the reins in 1965. Through this past weekend, he's presided over a nearly 3,800,000% increase in the value of Berkshire's Class A shares (BRK.A).
According to the latest available information, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) had about $109 billion in cash and equivalents on its balance sheet. CEO Warren Buffett insists on keeping a $30 billion cash cushion at all times, but this still leaves nearly $80 billion of investable capital. For one thing, Berkshire has already spent tens of billions in the recent market downturn.