The Good Samaritans

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Warren Buffett's Berkshire Hathaway is making a new bet on the Atlanta Braves

Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) cut its exposure to a number of well-known American companies in the third quarter, exiting stakes in General Motors Co. (GM), Johnson & Johnson (JNJ), and Procter & Gamble Company (PG).

But Berkshire also made an $8 million bet on another American institution: Major League Baseball.

The Omaha, Neb.-based conglomerate took a new position in Atlanta Braves Holdings (BATRA), the holding company for the team that finished the recent baseball season with the league's best record. The Atlanta Braves last won the World Series in 2021. Seems like a small amount. In comparison Atlanta Brave star, Matt Olson, signed a 8 year / $168,000,000 contract with the Atlanta Braves, including $168,000,000 guaranteed.

Seems like a small amount. In comparison Atlanta Brave star, Matt Olson, signed a 8 year / $168,000,000 contract with the Atlanta Braves, including $168,000,000 guaranteed.

Read more:

https://finance.yahoo.com/news/warren-buffetts-berkshire-hathaway-is-making-a-new-bet-on-the-atlanta-braves-150434486.html