"Berkshire Hathaway's Record Profit Propels Shares to Nearing $1 Trillion Valuation"

Berkshire Hathaway's shares surged after the conglomerate reported a 28% increase in fourth-quarter operating earnings, driven by strong performance in its insurance business, bringing its market value close to $1 trillion. Despite record cash levels, an analyst believes the stock is fairly valued, with its current price already factoring in the positive earnings outlook. Warren Buffett, in his annual letter, expressed modest expectations for Berkshire's future performance, stating that only a few businesses are likely to significantly impact the conglomerate through acquisitions.