Buffett’s Bold Move: Berkshire Embraces Sirius XM
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BTCCSquare news:
Warren Buffett’s Berkshire Hathaway has pivoted from traditional banking investments, deploying $459 million into Sirius XM. The conglomerate now holds 35% of the satellite radio giant’s shares—a stark contrast to its recent bank divestments.
Sirius XM’s stock plummeted 45% over the past year, underperforming the S&P 500’s 30% gain. This contrarian bet signals Berkshire’s appetite for distressed assets with long-term upside potential.
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