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

Further reading

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Documentaries, videos and podcasts

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News

Title
Author
Date
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Description
Alex Wilhelm
September 8, 2020
TechCrunch
On the heels of new filings from both Sumo Logic and JFrog, Snowflake, a venture-backed unicorn looking to go public on the strength of its data-focused cloud service, set an initial price range for its IPO. The $75 to $85 per-share IPO price target values the firm at between $20.9 billion and $23.7 billion, huge [...]
The Associated Press
August 31, 2020
CTVNews
Billionaire investor Warren Buffett's Berkshire Hathaway said Monday it has taken stakes of just over 5 per cent in five major Japanese trading houses in what it says is a long-term investment.
Katherine Chiglinsky | Bloomberg
August 7, 2020
@bsindia
Buffetts conglomerate began putting more of its $137 billion cash pile to work after a period of relative silence during the start of the pandemic
Associated Press
July 6, 2020
Boston Herald
Wall Street joined a worldwide upswell by markets on Monday, as stocks push higher on hopes that the economy can continue its dramatic turnaround despite all the challenges ahead.
Bloomberg
July 6, 2020
@bsindia
The agreement for Dominion Energys natural gas pipeline and storage assets signaled to the market that Buffett is willing to pounce despite his cautious tone in May about the pandemic, an expert said
May 16, 2020
Moneycontrol
This is not the first investment cut decision from Berkshire Hathaway in the recent days.
Heather Landi
May 14, 2020
FierceHealthcare
Atul Gawande, M.D., confirmed that he is stepping down as CEO of Haven, the health care company formed by Amazon, JPMorgan Chase, and Berkshire Hathaway. Find out why Gawande wants to take a different leadership role with the company.
Lewis Krauskopf
May 4, 2020
IN
U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns sparked by fresh U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.
Charlie Bradley
April 22, 2020
Express.co.uk
WARREN BUFFETT recently shared his thoughts on the coronavirus pandemic - and revealed a surprising way some investors are thriving despite economic turmoil.
Katie Sewell
April 11, 2020
Express.co.uk
WARREN BUFFET is one of the most successful investors in the world. So how did he get so rich? Can you get as rich as Warren Buffet?
March 14, 2020
The Economic Times
The 64-yr-old tech titan on Saturday stepped down from the boards of MS, Berkshire Hathaway.
Geoffrey Morgan
March 7, 2020
Financial Post
Warren Buffett's Berkshire Hathaway had intended to invest $4 billion in the Energie Saguenay project.Paul Morigi/Getty Images
February 23, 2020
The Economic Times
Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday.
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.
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