Berkshire Hathaway

Berkshire Hathaway

Berkshire Hathaway is an american multinational conglomerate holding company founded in 1969 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

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Theron Mohamed
January 13, 2021
markets.businessinsider.com
The billionaire investor's company backed the automotive titan in 2012, and now commands a $4 billion stake.
Heather Landi
January 6, 2021
FierceHealthcare
In three years, Haven went from being touted as one of the biggest disrupters in the healthcare industry to another failed tech-driven venture. Haven had ambitious goals, but there were red flags from the start that the nonprofit venture would struggle to make any meaningful changes in the healthcare industry, experts say.
Theron Mohamed
January 6, 2021
Business Insider
"He has infused Berkshire with a set of cultural attributes that give it the very best chance of surviving and prospering long after he's gone."
Theron Mohamed
January 5, 2021
markets.businessinsider.com
The famed investor's company spent about $35 billion to build an Apple stake worth $125 billion at the end of December.
Cohen Coberly
January 4, 2021
TechSpot
Unfortunately for the three companies -- and, potentially, consumers -- Haven is now disbanding, after a mere three years of operation (it started back in January of 2018).
Tina Reed
January 4, 2021
FierceHealthcare
Haven--the healthcare company formed by Amazon, JPMorgan Chase and Berkshire Hathaway--is apparently no more.
Hayley Cuccinello
December 31, 2020
Business Insider
Twenty-nine of America's 400 richest people have given away 10% or more of their billion-dollar fortunes to philanthropic and other causes.
Theron Mohamed
December 27, 2020
Business Insider
Buffett's company sold its airline stakes and slashed its financial holdings, then announced $19 billion of investments in a matter of weeks.
Theron Mohamed
December 25, 2020
markets.businessinsider.com
Berkshire Hathaway's billionaire boss also bought dresses in bulk and sent out boxes of See's Candies with funny Christmas cards attached.
Theron Mohamed
December 24, 2020
markets.businessinsider.com
Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book.
Hillary Hoffower and Taylor Nicole Rogers
December 23, 2020
Business Insider
Warren Buffett recently offered advice in a virtual commencement address at his alma mater: read, communicate, and find a job you love.
S&P Dow Jones Indices
December 17, 2020
www.prnewswire.com:443
/PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") announced today that preliminary Q3 2020 S&P 500® stock buybacks, or share repurchases, were $101.8 billion,...
Shalini Nagarajan
December 16, 2020
markets.businessinsider.com
Vanguard says the key features of its flagship fund are its low costs, broad diversification, and the potential for tax efficiency.
Theron Mohamed
December 14, 2020
markets.businessinsider.com
Caltech/Zoom Charlie Munger spoke about a 'frenzy' in stocks, the dangers of excessive government spending and monetary easing, and the critic...
QBE North America
December 14, 2020
www.prnewswire.com:443
/PRNewswire/ -- QBE North America today announced the appointment of four senior industry veterans to leadership positions within its Financial Lines business,...
Theron Mohamed
December 9, 2020
Business Insider
"Berkshire doesn't get into these transactions to make a modest coupon," Scripps boss Adam Symson said.
Theron Mohamed
December 3, 2020
Business Insider
The wealthy are rushing to fly private to avoid crowded planes and airports, and more people have taken up running during lockdowns.
Theron Mohamed
December 2, 2020
Business Insider
Buffett probably wouldn't invest in Wells Fargo in its current state, the boss of Black Bear Value Partners said.
Theron Mohamed
December 1, 2020
Business Insider
The famed investor's company spent nearly $18 billion on stocks and $9 billion on buybacks, and struck deals worth about $10 billion.
Theron Mohamed
November 30, 2020
markets.businessinsider.com
The famed investor's company plowed $735 million into the cloud-data platform in September, giving it a stake worth as much as $2.1 billion today.
SHOW MORE

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.