Warren Buffett's Berkshire Hathaway should be part of a "Magnificent Eight," Jim Worden says.
AdvertisementAdvertisementThe "Magnificent Seven" should be expanded to include Warren Buffett's Berkshire Hathaway, one investment chief says.
Berkshire commands a larger market capitalization than Tesla or Meta, but it's not counted as a member of the Magnificent Seven because it's not a fast-growing technology company.
Including it would provide significant diversification to the group of high-flying stocks, Worden said.
It also holds roughly $350 billion worth of stocks, including multibillion-dollar stakes in Apple, Bank of America, Chevron, Coca-Cola, and Kraft Heinz.
Persons:
Warren, Berkshire Hathaway, Jim Worden, —, Warren Buffett's Berkshire Hathaway, I'm, it's, Worden, Kraft Heinz, Buffett, Charlie Munger, Munger
Organizations:
Service, Apple, Microsoft, Nvidia, Wealth Consulting, Berkshire, Bank of America, Fed
Locations:
Chevron, Berkshire, Treasuries