Posted 3/10/2024, 10:57:00 AM
Buffett's Berkshire Soars to Record Highs Through Massive Buybacks and Tech Bets, But Future Outperformance Uncertain
- Warren Buffett has plowed $73.6 billion into Berkshire Hathaway stock repurchases since 2019, more than any other investment in company history
- Berkshire's success in recent years is partly thanks to its $163 billion position in Apple stock, a member of the "Magnificent Seven" top tech stocks
- Berkshire Hathaway stock has delivered a 19.8% annualized return since 1965, turning $1,000 into $43.8 million
- Berkshire could join the $1 trillion valuation club in 2024 if its hot streak continues
- Despite Berkshire's incredible past returns, Buffett warns investors not to expect similar eye-popping performance going forward