Warren Buffett Grew Berkshire Into a $1 Trillion Company. Can Greg Abel Take It to $2 Trillion?

Between 1964 and 2024, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) achieved a staggering 5,502,284% gain compared to 39,054% for the S&P 500 (SNPINDEX: ^GSPC) with dividends reinvested. Compounded annually, Berkshire rose 19.9% versus 10.4% for the index, with dividends reinvested.During those 60 years, Warren Buffett and his team built Berkshire from a small friends and family operation to a $1.1 trillion market cap at the time of this writing. That puts Berkshire in a league of its own when it comes to non-tech-focused valuations, as the only other U.S.-based companies with market caps of more than $1 trillion are Microsoft, Apple (NASDAQ: AAPL), Nvidia, Alphabet, Amazon, and Meta Platforms.At Berkshire's latest annual shareholder meeting in Omaha, Nebraska, Buffett announced that he would step down as chief executive officer (but remain chairman) at year-end, passing the torch to Greg Abel. Abel runs Berkshire's non-insurance operations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool