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54 years later, Buffett’s Berkshire Hathaway crosses $250,000 a share

December 14, 2016

Via: CNBC

While the rest of the market awaits a big milestone, Warren Buffett just passed one of his own.

A-class shares of the Nebraska billionaire’s Berkshire Hathaway briefly passed $250,000 in morning trade Tuesday, a landmark eclipsed 54 years and a day after Buffett bought his first Berkshire shares and began the march toward turning the company into a giant.

The move comes in an overall strong year for the stock, which has surged since the Nov. 8 election. Shares peaked at $250,419.50. Buffett bought his first shares at $7.50, which would be $60.03 in 2016 dollars. He acquired more than half ownership by 1965.

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