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Berkshire Hathaway

Berkshire Hathaway

Berkshire Hathaway is an american multinational conglomerate holding company founded by Oliver Chace.

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J; 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).



Since 2016, the company has acquired large holdings in the major US airline carriers, and is currently the largest shareholder in United Airlines and Delta Air Lines, and a top three shareholder in Southwest Airlines and American Airlines. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.



The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company's vice chairman. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities. According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world.



Berkshire is currently the seventh largest company in the S&P 500 Index by market capitalization, and is famous for having the most expensive share price in history with a Class A share costing around $300,000 each. This is due to the fact that there has never been a stock split and Buffett has stated in a 1984 letter to shareholders that he does not intend to do so.

Timeline

April 30, 2019

Berkshire Hathaway committed $10 billion to help Occidental Petroleum compete in a bidding war for Anadarko Petroleum.

People

Name
Role
LinkedIn

Ajit Jain

Vice Chairman - Insurance Operations



Charles Munger

Vice Chairman



Derrick Brieva

Employee



Gregory Abel

Vice Chairman - Non Insurance Operations



Ted Weschler

Investment Manager



Todd Combs

Investment Manager



Warren Buffett

Chairman & Chief Executive Officer



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News

Title
Author
Date
Publisher
Description
January 30, 2020
www.nytimes.com
Tesla reported a $105 million quarterly profit yesterday, convincing backers that the company has solved its problems -- while doubters aren't convinced.
Carmen Reinicke
December 18, 2019
markets.businessinsider.com
A Berkshire Hathaway decade in review: Here are the biggest takeaways from Warren Buffett's annual shareholder letters
Carmen Reinicke
December 18, 2019
Business Insider
In the last decade, Warren Buffett has gained more fame as a value investor and Berkshire Hathaway has outperformed the S&P 500.
Theron Mohamed
December 12, 2019
markets.businessinsider.com
Warren Buffett may be hoarding $128 billion in cash in case he gets sick again
Daniel Strauss
November 29, 2019
markets.businessinsider.com
Warren Buffett's Berkshire Hathaway was reportedly outbid in its latest attempt to spend its massive cash pile
Theron Mohamed
November 21, 2019
markets.businessinsider.com
A secretive $120 billion hedge fund has bested Warren Buffett again and again. These are its 10 biggest holdings.
Theron Mohamed
November 21, 2019
Business Insider
Renaissance Technologies, founded by a Cold War codebreaker, counts Chipotle and Facebook among its largest investments.
Carmen Reinicke
November 5, 2019
markets.businessinsider.com
Warren Buffett has a $128 billion cash pile. Wall Street can't figure out why he isn't spending it.
AP | PTI
November 2, 2019
@bsindia
Read more about Buffett's Berkshire Hathaway Q3 profit down 11% on flat investment values on Business Standard. Berkshire is sitting on a pile of more than $128 billion cash because Buffett has struggled to find major acquisitions for the company
Bloomberg
November 2, 2019
@bsindia
Read more about Warren Buffett's worst year since 2009 splits investors ahead of Q3 results on Business Standard. Ackman's stake in Berkshire, disclosed in August, is a bullish bet
Peter Eavis and Ivan Penn
October 29, 2019
www.nytimes.com
Hedge funds, fire victims and public officials all have a stake in what becomes of the giant utility, now in bankruptcy. And Warren Buffett's name is being invoked.
Ben Winck
October 27, 2019
markets.businessinsider.com
Tech giants, Warren Buffett's empire, and the 'Generals': Here's what to look for when these 6 companies report earnings this week
Ben Winck
October 15, 2019
markets.businessinsider.com
Warren Buffett reportedly wants the Fed's permission to boost Berkshire's stake in Bank of America beyond 10% (BAC, BRK.B)
Ben Winck
October 15, 2019
Business Insider
Berkshire's position in BofA stock is its second largest equity holding after Apple, and was worth more than $27 billion as of Monday's closing price.
Julie Creswell and David Yaffe-Bellany
September 24, 2019
www.nytimes.com
The company behind brands like a famous ketchup and Oscar Mayer meats is dealing with slumping sales, shareholder lawsuits, layoffs and questions about its accounting practices.
Marley Jay
September 21, 2019
Business Insider
Kidney dialysis company DaVita is "certainly running an insurance scam," Chanos said at CNBC's recent Delivering Alpha conference.
Ben Winck
September 18, 2019
markets.businessinsider.com
One of Warren Buffett's top lieutenants is reportedly leaving Berkshire Hathaway to start a company of her own
Reuters Editorial
July 25, 2019
U.S.
Warren Buffett's Berkshire Hathaway has raised its stake in Bank of America Corp , the company said in a regulatory filing on Thursday.
Associated Press
July 2, 2019
Boston Herald
OMAHA, Neb. (AP) -- Investor Warren Buffett is continuing to give his fortune away.
Patricia Cohen
June 24, 2019
www.nytimes.com
A group of wealthy Americans, some with inheritances and some with self-made fortunes, are calling for a tax on the net worth of people like them.
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