Warren Buffett’s secret stock pick: Chubb Ltd ($CB)
- Berkshire bought 25 million shares of Chubb at an average price of $228 per share.
- At the average price, Buffett bought Chubb at 1.5 times book and 10x P/E.
- The earnings yield stands at 10% (10x P/E).
Berkshire Hathaway reveals insurer Chubb as confidential stock