Warren Buffett’s Berkshire Hathaway Hits All Time High At $700 Billion Market Valuation

The company's market value reached a new high of over $700 billion on Thursday, putting it within reach of the trillion-dollar milestone.

The stock of the company is near all-time highs.

Dennis Van Tine is associated with Star MAX.

As investors continue to move out of high growth stocks and into safer bets, shares of the company rose for a fourth straight day.

In the first week of the year, the company's Class B shares have risen 4%, giving it a market valuation of $700 billion.

The investment conglomerate of Omaha has a large stake in tech giant Apple and has a portfolio of more than 60 companies.

The likes of Apple, Microsoft, and Amazon are already worth more than $1 trillion.

With the Federal Reserve set to raise interest rates this year, and with a wider market rotation into value and cyclical stocks that benefit from a successful economic recovery, the market has benefited from this.

The S&P 500 index gained 27% last year, slightly better than the 30% rise for the stock of Warren Buffet.
High-growth stocks have been put under pressure in recent weeks as investors dump companies with high valuations and uncertain profitability outlooks. According to recent data from Goldman Sachs, hedge funds are selling growth-oriented tech stocks at the fastest pace in over a decade. Higher debt costs and rising bond yields can affect the shares of technology and other high-growth companies. The tech-laden index is down more than 3% to start the first week of the new year.

According to Forbes, it is how much he is worth. The eighth richest person in the world saw his net worth increase by over $1 billion on Thursday.

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