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Berkshire Hathaway shares hit an eight-month high this week, putting the conglomerate Warren Buffett built back in the market's sightlines.
The case for further gains rests on a specific, measurable argument: the stock has room to catch up with the S&P 500, and that gap is the thesis. What's changed Eight months is a meaningful marker.
It tells you the shares were at this level before, fell away, and have now recovered.
What it does not say is whether the buyers driving this week's move are the same investors who see a catch-up trade to the S&P 500 as the next leg.
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