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Berkshire Hathaway (BRK-A, BRK-B) is on track to be the next trillion-dollar company by market capitalization. Markets Reporter Paul La Monica joins Yahoo Finance to discuss Berkshire's rise.
La Monica says Apple (AAPL) is "by far the biggest stock" in Berkshire's portfolio, boosting the company's market share. However, he notes Berkshire is more than just Apple, it's a "giant industrial conglomerate" with ownership stakes across many sectors.
This diverse investment portfolio of stocks, insurance, and utilities has enabled Berkshire to sustain its $860 billion market valuation.
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