American Express: Berkshire Hathaway's Luxury Stock

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Berkshire Hathaway

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Summary

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79% Informative

American Express is one of Berkshire Hathaway 's largest holdings and has been a part of its portfolio for over three decades .

American Express processed $1.7 trillion in credit card purchase volume in 2023 , or 9% share of global purchase volume.

Warren Buffett agrees that American Express' brand is a strong selling point.

The consumer lending segment faces risks from economic fluctuations.

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