Berkshire Hathaway's market value surpassed $1trn, showcasing strong investor confidence in the conglomerate built by Warren Buffett, a proxy for the American economy.
Generating $22.8bn in profit in the first half of the year, Berkshire Hathaway's diverse portfolio reflects robust performance across insurance, energy, and other sectors.
Berkshire Hathaway's substantial cash position of $276.9bn, mainly in US Treasury bills, points to strategic maneuvering as Buffett reduces exposure to Apple shares.
Buffett's leadership since 1965 has resulted in a remarkable 5,600,000% increase in Berkshire's stock value, nearly doubling the S&P 500's annualized gains.
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