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Shares in Berkshire Hathaway, Warren Buffett's holding company, are now worth over $200,000 each. Berkshire, which invests in businesses from insurance to rail freight, could be bought for under $10 in the early 1960s.
It is so expensive because it has never undergone a stock split. A pricey stock is harder to buy or sell, but Buffett says that weeds out short-term speculators and encourages the kind of long-term investor he wants.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
