Berkshire Hathaway’s 22.5% Stake in American Express Highlights Long-Term Conviction in Premium Credit Card Franchise
Berkshire Hathaway maintains a significant 22.5% stake in American Express, reflecting a long-term conviction in the premium credit card brand's strength, despite the stock's current valuation. Under new CEO Greg Abel, Berkshire is actively deploying its cash pile, making substantial investments in Alphabet and …