What if I told you that some stocks are so expensive that buying just one share could cost you more than a luxury home? Or what if I told you that some stocks were so expensive that buying just one share could cost you more than a luxury home? Is it true? Welcome to the world of finance, where numbers tell fascinating stories.
Berkshire Hathaway: the world’s most expensive stock
Priced at a staggering $680,000 per share (5.78 billion yen), the company is the Rolls Royce of the stock market. Warren Buffett, also known as the Oracle of Omaha, has deliberately avoided stock splits in order to maintain exclusivity and attract only long-term, serious investors. Berkshire became the first non-tech US company to reach a market capitalization of $1 trillion by 2024. Berkshire holds large amounts of cash, almost three times its total assets in India under its PMS, MF and AIF management plans.
Berkshire Hathaway’s market capitalization has grown nearly six times over the past 15 years, with a CAGR of 15%.
So, how long does it take to save up enough money to buy just one stock?
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JP Morgan’s assets under management are almost equal to India’s GDP.
As of June 30, 2024, JPMorgan Chase & Co. manages assets worth $3.3 trillion. To put this into perspective, India’s GDP is about $3.5 trillion, meaning JPMorgan’s assets under management are roughly equivalent to the economic output of the world’s fastest-growing country. Interestingly, the world’s largest asset manager, BlackRock, has $10 trillion in assets under management, which is almost three times India’s GDP.
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The world’s first bank still exists
The world’s first bank, Banco Monte dei Paschi di Siena, was founded in Italy’s beautiful Tuscany region in 1472 and holds the title of the world’s oldest continuously operating bank. The bank was established to provide loans to “the needy and the wretched” and initially functioned as a charity. For centuries, it became the basis of the Italian financial system. Despite recent hardships, including a bailout during the European debt crisis, the bank has been exceptionally resilient.
Below is a list of the oldest banks still in operation.
Source: News article
42% of women working in factories in India live in Tamil Nadu
Did you know that according to the Annual Industrial Survey (2021-22), out of 14.9 million women workers registered across India, 630,000 are registered in Tamil Nadu? Tamil Nadu has an educated and skilled workforce and has also received investment in automobiles, electronics and even footwear in recent years.
One standout initiative is Ola’s Future Factory in Krishnagiri. It is the world’s largest electric scooter manufacturing facility, with over 10,000 employees, all women. Similarly, Tata Electronics has adopted a women-centric workforce strategy at its facilities in Tamil Nadu, with a focus on high-tech manufacturing.
Beyond these giants, the textile and apparel sector, the backbone of Tamil Nadu’s economy, employs millions of women in roles ranging from spinning to sewing. The state’s strong educational infrastructure and supportive policies create an environment in which women thrive.
Fun fact:
Tamil Nadu has one of the highest female literacy rates in India, enabling women to take on skilled roles in emerging industries.
About 70% of women working in industry are employed in the southern states of Tamil Nadu, Andhra Pradesh, Karnataka and Kerala.
Did you find these facts interesting? Here’s the previous version:
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should consult a professional before making any investment decisions.
