In the old boring industries, Warren Buffet’s Berkshire Hathaway has left the solid bounds of the traditional market, to touch the face of the ecclesiastical market alpha. Yes, Berkshire Hathaway has hit a market cap of $1 trillion, and got initiated into a special club:
“In the fast-paced world of high-tech valuations and digital-first businesses, it’s not every day that a company rooted in the old economy crosses the trillion-dollar threshold. Yet, on Wednesday, Warren Buffett’s Berkshire Hathaway did just that, joining the exclusive ranks of U.S. companies valued at $1 trillion. This achievement is particularly notable given the conglomerate’s focus on businesses that many might consider “traditional”—from railroads to insurance to retail.”
This is what we call symphonic economic acceleration. Yes, when the tech companies ascend, their improvements and the productivity accelerants they provide, are also enabling the boring 20th century industries to experience the alpha moments. It is magical because Nvidia, Apple and Bigtechs have not left insurance, railroads and others behind. America indeed is lucky on how they mix these ingredients, to cook the economic dishes, the world has come to consume!
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For Warren Buffet, the Oracle, this is certainly a great moment for him. Indeed, when nations have great entrepreneurs, they rise. Buffett has served his nation, and markets have rewarded him beyond measures. The club of $1 trillion is a deserved cap. #legends.
Symphonic Innovation, as described by Tekedia, is an approach to innovation that is not limited to a specific domain. Instead, it involves a unified and harmonious deployment of various technology components to boost productivity and enhance competitiveness1. This concept emphasizes integrating multiple emerging technologies like blockchain, AI, and big data to transform industries, address market frictions, and create new competitive advantages2.
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