Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) rose above $1 trillion in market value, becoming the first US company outside of the tech sector to do so....
) rose above $1 trillion in market value, becoming the first US company outside of the tech sector to do so. Berkshire Hathaway shareholder and Scharf Investments managing director Eric Lynch joins Market Domination to discuss the achievement and why he prefers the firm over traditional banks .
"Warren is still kind of a contrarian in a world where... investment flows are really crowding into tech and fixed income. Buffett is speaking with his portfolio, and he's got $272 billion in cash and T-bills... He's well-positioned to take advantage of any dislocation," Lynch says.Warren Buffett's Berkshire Hathaway topped one trillion in market value today becoming the first US company outside of the tech sector to do so.
Uh Obviously, if we get some reductions of interest rates and net interest margins can expand for banks, that's great. Insurance premiums are more of a risk management tool by companies and consumers and those premiums tend to be extended uh more independent of the economy. So he's got a ton of cash, 272 billion versus that one trillion market cap he cited, he's well positioned to take advantage of any dislocation.TORONTO — Shares of Royal Bank of Canada and National Bank hit all-time highs on Wednesday as the two banks reported earnings that topped expectations.The US firm reported revenue for the last three months of 30 billion dollars, up 15% on the previous quarter.B.C.
Berkshire Hathaway Eric Lynch Interest Rates Traditional Banks Market Domination Operating Company
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BofA stock dips as Berkshire Hathaway trims stake furtherShares of Bank of America (BAC) are trading lower Friday following news that Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has further reduced its...
Read more »
Berkshire Hathaway, Bath & Body Works, Sony: Stocks In FocusThe market cap of Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) has crossed over $1 trillion, joining an exclusive club whose membership includes...
Read more »
Warren Buffett sells $982M worth of Bank of America sharesWarren Buffett — the so-called Oracle of Omaha — has sold an additional 24.7 million shares from Berkshire Hathaway's (BRK-A, BRK-B) stake in Bank Of America...
Read more »
Warren Buffett’s Berkshire Hathaway tops US$1-trillion market valueInvestor confidence in the conglomerate continues to grow
Read more »
Warren Buffett keeps selling more Bank of America stockBerkshire Hathaway has sold some of its Bank of America stock in five of the past six weeks, unloading a total of 129 million shares.
Read more »
Canadian Warren Buffett's $1.7B deal to acquire Sleep Country approved by competition watchdogThe decision by the Competition Bureau gives shareholders the green light to vote on the plan at a special meeting scheduled for Sept. 18.
Read more »