99 Financial Facts Most Investors Don't Know : #1. The highest-price stock currently sold (early Aug) on the NYSE is Berkshire Hathaway, Class A (NYSE: BRK-A), sells for more than $400,000 per share. {Investing Answers}

Portrait of Warren Buffett, January 1980 | Getty Images

Ever heard of a stock that costs more than a mansion? As of August 11, 2024, the highest-priced stock on the NYSE is none other than Warren Buffett's Berkshire Hathaway, Class A (NYSE: BRK-A), which sells for a jaw-dropping $400,000+ per share. 

Berkshire Hathaway Inc. is a holding company that owns a diverse range of businesses, with its most crucial ventures in insurance, both nationwide and worldwide. But that's just the tip of the iceberg. From railroads to candy, Berkshire's empire spans numerous industries, each one adding to the company’s legendary status. And how did it all come to be? 

Berkshire Hathaway started in 1839 as a humble textile company. But as the textile industry faced tough times, the company found itself in hot water, flirting with bankruptcy more often than a soap opera villain.

Enter Warren Buffett in 1965. Armed with a sharp eye for value and a philosophy of patience, Buffett took the reins and shifted the company’s focus from textiles to investing in quality businesses with solid growth potential.

Buffett didn’t just sprinkle some fairy dust; he overhauled the company’s strategy. He turned to the insurance industry, loving how it provided a steady stream of cash—or "float"—that could be reinvested. GEICO became one of his crown jewels, alongside investments in household names like Coca-Cola, American Express, and Apple.

Buffett’s secret sauce? Long-term thinking. He wasn't about chasing quick gains but about finding companies with strong brands and customer loyalty. His investment style became the gold standard, setting Berkshire Hathaway on a trajectory to global fame. Of course, it wasn't always smooth sailing. The textile division eventually shut down, and there were a few scandals along the way. But Berkshire weathered these storms, thanks to Buffett's commitment to integrity and transparency.

Speaking of trajectories, Berkshire Hathaway’s stock price is one for the history books. According to data from [MacroTrends](https://www.macrotrends.net), the historical daily share price chart for Berkshire Hathaway since 1980 (adjusted for splits and dividends) shows a relentless climb. As of August 09, 2024, the latest closing stock price was an eye-popping $647,523.03. The all-time high? $671,280.00, reached on July 17, 2024.

Over the past year, the stock has seen a 52-week high of $741,971.39—14.6% above its current price—and a 52-week low of $502,000.00, 22.5% below the current value. On average, Berkshire Hathaway’s stock has hovered around $583,489.08 over the last 52 weeks, further cementing its place as a titan in the market.

Fast forward to today, and Berkshire Hathaway is a sprawling empire, owning everything from railroads to chocolate companies. With a succession plan in place and a continued focus on strategic investments, the company is well-positioned for the future—even as Buffett steps back from day-to-day operations.

Berkshire Hathaway's journey is a masterclass in long-term investing, resilience, and staying true to one's principles. It’s not just a company; it’s a blueprint for success.

Stay curious and keep investing wisely!

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