Berkshire Hathaway's success is directly attributable to Warren Buffett and Charlie Munger. Charlie Munger has died, and Buffett is quite old. There are material changes coming in the management of the company and, truthfully, there's no way to know what will happen when Buffett is no longer at the helm.
Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.
Class A shares of Berkshire rose 4% to a $747,765.75 close, while Class B “baby Berkshire” shares climbed 4.2% to $498.97, as both Berkshire share classes broke all-time highs set Nov. 27.
Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.