Warren Buffett Retires With a $184 Billion Warning to Investors. History Says the Stock Market Will Do This in 2026.
伯克希尔哈撒韦伯克希尔哈撒韦(US:BRK.A) The Motley Fool·2025-12-31 09:36

The S&P 500's expensive valuation suggests the stock market will decline in 2026.In 1965, Warren Buffett took control of Berkshire Hathaway (BRK.A +0.45%) (BRK.B +0.53%), a small New England textile operation he later said was "on a death march." Buffett quickly pivoted to insurance and used the cash flows from policy premiums to either acquire or purchase equity stakes in other businesses.Berkshire Hathaway's Class A shares have increased more than 6,100,000% since Buffett took control, while the benchmark ...