Veteran Investor Calls Berkshire Hathaway Top Defensive Stock

Berkshire Hathaway is being recognized by multiple investment professionals and funds as a leading defensive stock in the current market environment, with its diversified business model and prudent capital allocation cited as key strengths. Veteran investor Joe Tigay highlights Berkshire's strong cash position and stable portfolio, suggesting the company is well-positioned to weather potential economic downturns and take advantage of market opportunities. The Davis New York Venture Fund and Giverny Capital both emphasize Berkshire’s resilience and ability to deliver consistent returns, with Giverny Capital noting a significant 27% increase in performance for 2024. While some see greater short-term promise in select AI stocks, Berkshire remains a top choice for investors seeking value and stability during uncertain times.