Berkshire Hathaway Inc's stock price touched $300,000 for the first time on Monday, reflecting investors' confidence in Warren Buffett's conglomerate despite four straight quarters of lower operating profit.
Crossing the $300,000 threshold put Berkshire's Class A shares up 22.9 percent for the year, compared with a 20 percent gain in the Standard & Poor's 500.
Berkshire's Class B shares, worth about 1/1500th of Class A shares, traded at around $199.75. Neither class pays dividends.
Submitted December 18, 2017 at 07:56PM by ChocolateTsar http://ift.tt/2oCwcyU
