Berkshire Hathaway needs no introduction. The name is synonymous with two iconic investors—Warren Buffett (the Oracle of Omaha) and the late Charlie Munger. Currently, Berkshire’s Class B shares (BRK/B) appear to be hovering at a tense standstill, poised for a major breakout either upward or downward. The shares are midpoint at a narrowing symmetrical triangle pattern. Which way is it likely to break? And is it still a worthy investment? Why Buy Berkshire Hathaway Shares? Here are four reasons: 1— Berkshire Hathaway tends to beat the S&P 500 over 90% of the time. In the image below, StockCharts’ PerfCharts illustrates BRK/B’s relative performance against the broader market. CHART 1. PERFCHART COMPARING BRK/B TO THE S&P 500. The definition of outperformance? 2— BRK/B provides instant diversification in sectors (though not weightings). Still, the company’s holdings in insurance, utilities, energy, transportation, and consumer goods are well-thought and managed (it’s Warren Buffett, after…
