9 Years Ago, Warren Buffett Predicted This Investment Would Pay Off: Here's How It's Doing
Source: Motley Fool
2026-03-03 14:50:00 ET
In the second quarter of 2017, Warren Buffett, then the CEO of Berkshire Hathaway (NYSE: BRKB) , made a somewhat contrarian bet, having the conglomerate buy 10 million shares of General Motors (NYSE: GM) at an average closing price of $33.95. At the time, that move increased Berkshire's stake in the automaker by 20%.
Buffett liquidated his position in the company in 2023, when its shares were trading at $35.59. That wasn't a big score, relatively speaking. But what if Berkshire Hathaway had held onto those shares?
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9 Years Ago, Warren Buffett Predicted This Investment Would Pay Off: Here's How It's Doing
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