Pinnacle Wealth Group, LLC’s Post

Well, considering the fact that almost half of investment portfolio was in Apple, it could be seen as partially in technology sector.

It goes to show that when you buy good quality businesses and hold them for the long term you will be rewarded.

Is it realy something to celebrate? Fast facts: Global poverty The World Bank reports that 712 million people, nearly 1 in 11 people globally, live on less than $2.15 a day. As of 2022, the poverty rate in the United States was 11.5%, with approximately 37.9 million people living in poverty. Jul 29, 2024

Together, myself and Berkshire Hathaway have a market cap of over $1 trillion

Reaching a $1 trillion valuation is a remarkable milestone for Berkshire Hathaway, showcasing the enduring strength and strategic foresight of Warren Buffett and his team. This achievement is not only a testament to the power of long-term value investing but also highlights the broad impact that diversified holdings can have across various sectors of the economy. As the first company outside the tech sector to hit this mark, Berkshire Hathaway continues to set new benchmarks in the financial world.

$1 trillion is about the same as the #GDP of Spain, the Netherlands, or Saudi Arabia 😲

Man, the amount of money now being generated across all sectors of business is staggering. Sports team valuations have increased 3x to 4x over the last 15-20 years. I don’t see the pace slowing down anytime soon, yet everyday Americans are barely able to make ends meet. It’s unfortunate at a minimum!

This is essentially a holding company. Not sure if it is productive to compare this to another trillion dollar company that gives value to its customers/clients via goods/services/tools it produces which help the customer/cliemt achieve a desired outcome.

“Wall Street is the only place where people go in Rolls-Royces to get advice from people who take the subway,” one of my favorite Warren quotes.