Berkshire Hathaway

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Berkshire Hathaway's Wild Ride: What Really Happened on the Stock Market

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Find out why Warren Buffett's Berkshire Hathaway shares dropped almost 100% due to a NYSE glitch!

Berkshire Hathaway, the beloved conglomerate led by the legendary Warren Buffett, sent shockwaves through the stock market recently. A technical glitch on the New York Stock Exchange made it seem like Berkshire Hathaway had lost a staggering 99.97% of its value. Investors were left bewildered by the sudden dip in the company's stock, which fortunately turned out to be a temporary error.

The NYSE quickly sprang into action, investigating the issue that caused panic among traders. Multiple stocks, including Berkshire Hathaway's Class A shares, experienced unusual volatility due to the glitch. Many traders attempted to capitalize on the situation by buying the dip, only to realize later that the trades would likely be reversed.

Despite the chaos, the NYSE managed to resolve the technical problem, bringing relief to investors and calming the heightened volatility in the market. The incident served as a reminder of the risks associated with trading and the importance of staying vigilant during unexpected events.

In the aftermath of the Berkshire Hathaway rollercoaster, it was revealed that the massive 99.97% drop in the company's shares was purely a result of the technical glitch and not an actual market crash. Warren Buffett, known for his steady investment strategies, weathered the storm as Berkshire Hathaway's true value remained intact amidst the chaos.

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Image courtesy of "Forbes"

Berkshire Hathaway Stock No Longer Appears Down 100% As ... (Forbes)

Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose almost its entire $900 billion market capitalization.

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Image courtesy of "CBS News"

NYSE glitch sends Berkshire Hathaway shares down nearly 100% (CBS News)

The New York Stock Exchange on Monday said it is investigating a technical problem that has Class A shares of Warren Buffett's Berkshire Hathaway seemingly ...

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Image courtesy of "CNN"

New York Stock Exchange says bizarre glitch that showed Berkshire ... (CNN)

The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has ...

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Image courtesy of "CNBC"

NYSE says technical issue that caused Berkshire Hathaway to be ... (CNBC)

Trading was halted in several stocks as the New York Stock Exchange investigated a technical issue around its volatility controls.

Tried to buy the dip after the Berkshire Hathaway glitch? Be ready ... (Morningstar.com)

By Joseph Adinolfi. Here's why any trades on Monday's NYSE glitch will likely be reversed. Many investors apparently tried to pounce on the opportunity to ...

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Image courtesy of "Financial Times"

NYSE halts trading in Berkshire Hathaway and other stocks after ... (Financial Times)

The New York Stock Exchange said it was investigating a technical glitch that led to dozens of trading halts for US-listed companies and exchange traded ...

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Image courtesy of "Quartz"

NYSE has fixed the technical issue that sent Berkshire Hathaway ... (Quartz)

A technical issue at the New York Stock Exchange on Monday morning caused Warren Buffett's Berkshire Hathaway shares to plummet nearly 100%, ...

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Image courtesy of "Aljazeera.com"

NYSE glitch sparks volatility in Berkshire Hathaway and dozens of ... (Aljazeera.com)

Trading in at least 60 stocks was halted due to volatility including in Berkshire Hathaway shares which plunged 99.97%.

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Image courtesy of "Fortune"

An apparent NYSE malfunction caused Berkshire Hathaway and ... (Fortune)

NYSE said it fixed the glitch, which saw Berkshire stock trading hands at just $185.10 a share.

Tried to buy the dip after the Berkshire Hathaway glitch? Here's the ... (Morningstar.com)

By Joseph Adinolfi. Here's why any trades on Monday's NYSE glitch will likely be reversed. Many investors apparently tried to pounce on the opportunity to ...

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Image courtesy of "The New York Times"

N.Y.S.E. Trading Glitch Briefly Sends Some Shares on Wild Ride (The New York Times)

For about two hours on Monday morning, trading in shares of about 40 stocks on the New York Stock Exchange was halted after a technical glitch led to ...

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Image courtesy of "Fortune"

Traders who scooped up Warren Buffett's Berkshire Hathaway ... (Fortune)

Warren Buffett's Berkshire Hathaway was at a 99% discount following an apparent software malfunction which impacted the New York Stock Exchange.

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Image courtesy of "MarketWatch"

Tried to buy the dip after the Berkshire Hathaway glitch? Here's the ... (MarketWatch)

Many investors apparently tried to pounce on the opportunity to buy Berkshire Hathaway's Class A shares at a discount of more than 99% on Monday.

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Image courtesy of "Yahoo Finance"

Traders who scooped up Warren Buffett's Berkshire Hathaway ... (Yahoo Finance)

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603718.30 a share.

Tried to buy the dip after the Berkshire Hathaway glitch? Here's the ... (Morningstar.com)

By Joseph Adinolfi. Here's why any trades on Monday's NYSE glitch will likely be reversed. An earlier version of this story misstated the name of the agency ...

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Image courtesy of "Reuters"

Occidental Petroleum, Berkshire Hathaway form JV to extract lithium (Reuters)

Occidental Petroleum said on Tuesday it had entered into a joint venture with Berkshire Hathaway's energy unit to extract lithium.

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Image courtesy of "Investor's Business Daily"

Warren Buffett Gathers His Energy Gang To Extract Lithium (Investor's Business Daily)

Warren Buffett is getting into lithium production with a new Occidental Petroleum and Berkshire Hathaway Energy joint venture announced Tuesday.

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Image courtesy of "Forbes"

Berkshire Hathaway Stock Suffers Worst Loss In 4 Months Day After ... (Forbes)

Tuesday's selloff was almost certainly not related to Monday's technical error which briefly showed a 100% loss for Berkshire, but it was a puzzling loss.

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Image courtesy of "Motley Fool"

Can Berkshire Hathaway Stock Keep Outpacing the S&P 500? (Motley Fool)

Moreover, Buffett's investing methodology runs counter to modern portfolio theory and the efficient markets hypothesis. Warren Buffett with microphones in front ...

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Image courtesy of "Barron's"

Berkshire Hathaway's Bet on Scripps May Be a Rare Misfire (Barron's)

Scripps is expected to defer the preferred dividend payments in the current quarter. There is no market price for the Berkshire preferred stock because it was ...

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