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Buffett's Investments in the Real Estate Bubble
On October 23, 2006, Berkshire Hathaway became the first American stock to trade above $100,000 per share. By the end of 2007, it reached $149,200 per share, giving Berkshire a market cap of over $200 billion. Buffett had been patiently waiting for others to become fearful again and recognized that it might not happen in his lifetime.
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