(Bloomberg) — Berkshire Hathaway Inc. traded above $200,000 for the first time, further validating Chairman Warren Buffett's decades-long bet on the U.S. economy.
The Class A shares climbed 1.6% to $202,850 at 4:15 p.m. in New York. That's more than 60 times Seaboard Corp., the agribusiness and transportation company that has the second-highest price among stocks listed on U.S. exchanges.
“It's a huge milestone,” said Buffett biographer Andrew Kilpatrick. “It proves how far things have come, and you start to wonder, and imagine in your wildest dreams, 'Where is this thing going?'”
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