Berkshire Hathaway Inc., led by 94-year-old Warren Buffett, has seen its Class A shares ($BRK.A) reach a new milestone, hitting $800,000 for the first time. The stock gained $100,000 in just 37 trading days, a stark contrast to the 41 years it took to initially reach the $100,000 mark in 2006. This year, Berkshire Hathaway's stock has surged 18%, outperforming the S&P 500, which has declined by 3%. Buffett's investment strategy continues to focus on traditional sectors like insurance, energy, railroads, and U.S. Treasury Bills, contributing to a 49% increase in Berkshire Hathaway's value since January 2024. The company now holds over $300 billion in cash, reflecting Buffett's cautious approach amidst market volatility. In other news, an employee from Berkshire Hathaway's subsidiary, FlightSafety International, won $1 million in Buffett's annual March Madness bracket challenge. The winner correctly predicted 44 out of the first 45 games, marking the first time the prize has been awarded in the contest's ten-year history.