Berkshire purchased nearly 147 million Verizon shares in the last six months of 2020, a chunk of stock worth more than $8.6 billion at the end of last year; Verizon shares are down 2% in the last 12 months. Shares of oil giant Chevron, meanwhile, are up nearly 3%–representing roughly $5 billion in added market value–after the storied conglomerate disclosed the acquisition of about 48.5 million shares, worth nearly $4.1 billion at the end of last year. Berkshire's smallest new investment, worth about $500 million on December 31, is New York City-based Marsh & McLennan, which is up 1.4% Wednesday, translating to about $700 million in market value. About 99% of his fortune is tied up in Berkshire stock. Further Reading10 Stock Picks For Investors Worried About Sky-High Tech Valuations, According To Morgan Stanley (Forbes)Dow Falls 100 Points, Investor 'Nerves Creeping In' As Treasury Yields Spike (Forbes)Is The Stock Market About To Crash?

Source: Forbes February 17, 2021 16:30 UTC