Warren Buffett's inversion company Berkshire Hathaway has become the first U.S. technology company to raise millions of dollars. Today, the company has access to the enormous sums of Apple, Microsoft, Amazon, and Nvidia, but it was Aramco that was in the bag on Wall Street.
The conglomerate that Buffett runs is seeking a 30% gain for the year, buoyed by strong results in its core securities business and economic optimism. Steve Check, director of inversions at Check Capital Management, noted that “Berkshire has done it the slowest, but safest way.” His firm manages about $2 billion in assets, with a large stake in Berkshire.
Berkshire Hathaway has cemented itself as a haven for investors, avoiding the losses that have plagued tech companies. This year, its return has outpaced the S&P 500, a market benchmark. While Nvidia has risen 160%, other giants like Amazon and Microsoft have risen 18%.
Berkshire is the only tech company that can compete with the industry’s big boys and is delivering its best year in a decade, committing to the “You Are Awesome” call.
Buffett transformed Berkshire Hathaway from a textile manufacturer into a financial empire. Today, the company is a beacon of safety and stability, acting as a beacon in the market. With annual returns of 20% since 1965, nearly double the S&P 500, Buffett is widely considered one of the best inversion managers in history.
