The Berkshire Hathaway stock is up 17%, proving Warren Buffett's ability to strike a win no matter how shaky the circumstances.
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00:00Warren Buffett is absolutely crushing it this year. His Berkshire Hathaway stock is up 17% while the S&P 500 is down 3%.
00:06That surge has added a massive $23 billion to Warren Buffett's fortune, making him the sixth richest person on the planet.
00:13Investors are flocking to his $1 trillion business empire as markets slide, betting on the legendary bargain hunter to make bank if the economy tanks.
00:21Berkshire's a rock in stormy seas. $320 billion in cash, $270 billion in stocks, and a rebounding Geico pumping out profits.
00:29Buffett's built this beast over 60 years, turning a failing textile mill into a juggernaut that owns everything from squishmallows and Fruit of the Loom to huge steaks and apple and coke.
00:40Berkshire's stock has soared 5.5 million percent since the 60s, crushing the S&P's 39,000%. That's 20% a year, decade after decade.
00:50Buffett thrives in chaos. From the dot-com crash to the financial crisis, he's scooped up deals, like Goldman Sachs and GE, when others ran scared.
00:58He's ready to use his cash pile to pound some bargains again. Experts say it's why investors see Berkshire as a safe haven in shaky times.