Berkshire Hathaway BioSnap a weekly updated Biography.Berkshire Hathaway has been making waves this week, and not all of it is good news for Warren Buffett's legendary conglomerate. According to 24/7 Wall Street, the company's stock is up less than 9 percent this year while the S&P 500 has gained just under 15 percent, raising serious questions about whether the greatest investor in history has lost his touch. The stock closed at 491 dollars and 81 cents on October 27th, and analysts are pointing to one major culprit for the underperformance: Buffett's avoidance of the tech sector.The Oracle of Omaha has largely eschewed the Magnificent 7 mega-tech companies that now make up about 35 percent of the S&P 500, including Nvidia, Microsoft, Meta, Alphabet, Broadcom, and Tesla. His reasoning? He doesn't invest in companies he doesn't understand, and artificial intelligence remains a mystery to him. While some see this as prudent risk management, others view it as a costly mistake, especially given that Apple hit an all-time high last week after Buffett sold significant portions of his stake in the tech giant.Fortune reports that Berkshire Hathaway HomeServices has been vocal about mortgage rates this week, noting that many homeowners are reluctant to sell their homes and give up the low mortgage rates they locked in years ago. With current 30-year fixed rates hovering at 6.19 percent, housing affordability has become a major issue. Zillow analyst Anushna Prakash noted that in cities like New York, Los Angeles, Miami, San Francisco, San Diego, and San Jose, not even a zero percent interest rate would make a typical home affordable.Adding to the intrigue, Insurance Business Magazine dropped a bombshell on October 28th reporting that Warren Buffett's planned departure as chief executive is shaking investor confidence. Meanwhile, Meyka reports that social media and analyst circles are showing mixed reactions, with some expressing confidence in Berkshire's strategic path despite the performance lag. The conglomerate remains the 11th most valuable company in the world with a market cap of 1.1 trillion dollars, but the question on everyone's mind is whether this marks peak Berkshire Hathaway.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

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