Winnipeg Free Press - PRINT EDITION

Berkshire Class A shares top $200,000

  • Print
Warren Buffett's Berkshire shares have made him a very wealthy man.

NATI HARNIK / THE ASSOCIATED PRESS FILES Enlarge Image

Warren Buffett's Berkshire shares have made him a very wealthy man.

OMAHA, Neb. -- Naysayers have been calling shares of Warren Buffett's company overpriced for decades.

But Berkshire Hathaway Class A stock, which first topped $1,000 in 1983, on Thursday surpassed $200,000.

"Everybody has now been proven wrong on it," said Andy Kilpatrick, who wrote Of Permanent Value: The Story of Warren Buffett.

Berkshire has long had the most expensive U.S. stock. Buffett never split Berkshire's A shares, although he did create more affordable Class B shares in 1996 that now sell for nearly $135.

The stock has had its ups and downs. The Class A shares first hit six figures in October 2006 and peaked at $151,650 in December 2007, when the Great Recession began. They fell as low as $70,050 in March 2009.

On Thursday, they reached an all-time high of $202,454.99.

Berkshire Hathaway has come a long way since Buffett's investment partnership started buying shares for $7 and $8 apiece in 1962. At that point, Berkshire was a New England textile company.

After 1969, Berkshire became Buffett's investment vehicle, and he used revenue from the textile firm to begin buying other companies such as National Indemnity insurance and See's Candy.

Buffett, who is turning 84 later this month, has amassed a fortune worth more than $65 billion from his Berkshire shares.

 

-- The Associated Press

Republished from the Winnipeg Free Press print edition August 15, 2014 B16

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Gary Lawless & Ed Tait try not to bleeping cry over the woesome Jets

View more like this

Photo Store Gallery

  • Challenges of Life- Goose Goslings jump over railway tracks to catch up to their parents at the Canadian Pacific Railway terminalon Keewatin St in Winnipeg Thursday morning. The young goslings seem to normally hatch in the truck yard a few weeks before others in town- Standup photo- ( Day 4 of Bryksa’s 30 day goose project) - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A red squirrel peaks out of the shade in a tree in East Fort Garry, Sunday, September 9, 2012. (TREVOR HAGAN/WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you support Pimicikamak First Nation's protest against Manitoba Hydro?

View Results

View Related Story

Ads by Google