Well-known investor Warren Buffett’s diversified holding company Berkshire Hathaway Inc. (BRK.B) reported impressive results for the first quarter of 2023. While BRK.B has a solid financial position, its subsidiary, PacifiCorp, faces legal issues. Given its highly elevated valuation and uncertain economic conditions, it could be wise to wait for a better entry point in this stock.
BRK.B is a massive holding company run by renowned investor Warren Buffett since the mid-1960s. The company provides property and casualty insurance and reinsurance, utilities and energy, finance, freight rail transportation, manufacturing, retailing, and services.
