Warren Buffett’s Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.

Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) has recently increased its stake in Sirius XM Holdings Inc. (SIRI), now owning over 35% of

Berkshire Hathaway has compounded shareholder capital at nearly 20% annually since the 1960s. It all comes down to capital allocation, something the great Warren Buffett, longtime CEO of Berkshire, is great at.