Thursday, August 8, 2013

The World's Most Expensive Stock

The company Berkshire Hathaway is by far the most expensive share on the market. It is currently trading at $1,75,200 per share but has been known to tip prices of $2,50,000. Not only are the shares so expensive
but it is extremely hard to buy into the company because normally shares are passed from generation to generation. Warren Buffet who is the CEO made the company which invests money into new shares and sells them for profit. Some of the shares he bought were google, microsoft, coca cola all of the now big $400 shares he bought for about $1.
Berkshire Hathaway:World's most expensive share
World's most expensive share:Berkshire Hathaway

In case you are wondering what is this company, this is the investment conglomerate of Warren Buffet, one of the richest men on earth. The company owns GEICO, Dairy Queen, Fruit of the Loom, Helzberg Diamonds and NetJets, owns half of Heinz and has significant minority holdings in American Express, M&T Bank, Procter & Gamble, and IBM.
As Wikipedia puts it:
The company is known for its control by investor Warren Buffett, who is the company’s chairman and CEO. Buffett has used the “float” provided by Berkshire Hathaway’s insurance operations (paid premiums which are not held in reserves for reported claims and may be invested) to finance his investments. In the early part of his career at Berkshire, he focused on long-term investments in publicly quoted stocks, but more recently he has turned to buying whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms; as well as several regional electric and gas utilities.

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