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Berkshire Hathaway's big mystery stock wager could be revealed soon

·1 min

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Berkshire Hathaway’s Confidential Wager on Financial Industry to be Revealed

Berkshire Hathaway, led by a legendary investor, has made a confidential wager on the financial industry since the third quarter of last year. The identity of the stock(s) that Berkshire has been acquiring could be disclosed at the annual shareholder meeting. The bet has attracted attention as Berkshire has been a net seller of stocks and struggled to find lucrative opportunities. The investment is believed to be a multi-billion-dollar bet on a financial name or names. Potential candidates include Charles Schwab, Morgan Stanley, JPMorgan Chase, BlackRock, Truist, and AIG.