One class A share of Berkshire Hathaway became the first stock to cross the $200,000 barrier today. The next highest stock price is the transportation company, Seaboard, which goes for around $3,000. Today’s gains give Berkshire the fifth highest market cap of all publicly traded companies, bigger than Wells Fargo or Johnson & Johnson. And it means that one share could buy you a 6-bedroom, 4-bathroom home in Omaha, Nebraska, the company’s home base. Or, four years of tuition at an average private college. How about a ticket aboard Virgin Galactic’s commercial passenger ship when it finally takes off? Or trade that one share in for a brand new 2015 Bentley Continental GT, with just enough left over to fill up the gas tank. So why does one share cost so much? Buffett says he likes it that way, attracting long-term investors, not traders.
About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
- The Senate passed Biden’s $1.9 trillion stimulus bill – here’s what’s next
- Senate passes $1.9 trillion Covid relief bill, House Democrats plan final approval Tuesday
- Unemployment benefits end next week. It may be too late for Congress to stop it, experts say
- Stocks face the crosscurrents of higher interest rates and fiscal stimulus in the week ahead
- How Salesforce became Silicon Valley's best late-stage tech investor
NBR on TwitterMy Tweets
Subscribe to RSS