Berkshire breaks out to record high with fourth-quarter rally reaching 19%
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Berkshire Hathaway shares closed at record highs for a fourth straight session, capping a fourth-quarter rally of roughly 19%. The breakout extends a strong year for the conglomerate led by CEO Warren Buffett, with investors gravitating toward its diversified earnings and large cash reserves. The milestone comes as Buffett prepares to hand the CEO role to Greg Abel at year-end, a transition that has focused attention on succession and capital deployment.
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