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Berkshire Hathaway stock has become too expensive for the Nasdaq

2021-05-12T07:13:45.277Z

The share price of Warren Buffet's conglomerate has indeed exceeded the highest number that Nasdaq computers can handle.



Berkshire Hathaway, the conglomerate of Warren Buffett, has soared more than 20% since the start of the year.

The category "A" title, the oldest and incidentally the one with the highest price, has recently climbed to more than $ 430,000.

But the mad race for action, which began more than forty years ago, could soon come to an abrupt halt if the US Nasdaq Stock Exchange does not upgrade its computer systems, reports the

Wall Street Journal

.

The Berkshire Hathaway share price has indeed exceeded the highest number that Nasdaq computers can handle.

Nasdaq uses 32-bit systems to store data in binary numbers.

Therefore, the greatest possible number is two to the 32nd power minus one, or 4,294,967,295.

Stock prices are typically displayed to four decimal places, so the highest possible price is $ 429,496.7295, according to the

WSJ

.

The Nasdaq and its rival IEX which use the same system are in the process of updating their computers.

In the meantime, the two operators no longer post quotes for Berkshire Hathaway Class "A" shares.

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No other stock is close to the stratospheric levels reached by these Berkshire Hathaway stocks. The second highest price for a stock listed on the Nasdaq is that of homebuilder NVR Inc, around $ 5,200. Warren Buffett does nothing like the others and it is certainly the key to his tremendous success on the stock market.

Source: lefigaro

All news articles on 2021-05-12

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