economy
Berkshire shares left behind as S&P 500 rallies to record high
While the overall market was soaring over the past two weeks, Berkshire wasn't doing much of anything, as its shares slipped to MTD drops of just under 1%.
TL;DR
- The S&P 500 index has surpassed 7,100, marking a rapid market turnaround after hitting its low in late March.
- Berkshire Hathaway's A and B shares have experienced month-to-date drops of just under 1%, significantly trailing the S&P 500's gains.
- Berkshire shares have underperformed since May 2, 2025, after Warren Buffett announced his resignation as CEO.
- New books and reports are being published about Warren Buffett and Berkshire Hathaway, with the annual shareholders meeting approaching.
- In a 2014 discussion, Warren Buffett and Charlie Munger stated they would not consider moving operations overseas to avoid taxes, emphasizing their prosperity in the United States.
- Buffett and Munger also noted that tax-driven deals, such as wind and solar energy investments, are pursued only if they make economic sense, and they do not "begrudge the taxes we pay."
- Berkshire Hathaway's market capitalization is over $1 trillion, with substantial cash reserves.