Berkshire Hathaway stock reached an all-time high last week and the company became the first non-tech company to surpass $1 trillion in market capitalization. “This is a fantastic play on higher-for-longer interest rates. We’re all talking about some coming cuts, but they still are a lot higher than they’ve been in the last two decades,” said Eric Lynch, managing director at Scharf Investments. “If you look at what’s happened with Berkshire, there’s a lot of focus on the investment portfolio, but the majority of this business is now an operating company and an insurance company under that. And their investment income is skyrocketing with these higher rates.” Berkshire Hathaway is a core holding within the Scharf portfolios and has been for years. We see significant opportunities for investors and have strong conviction in Warren Buffett and his leadership team.

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