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Berkshire Hathaway Inc. (/ ˈ b ɜːr k ʃ ər /) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (1978–2023).
[70] [71] Berkshire Hathaway already owned a 3% stake, with rights to own more than 20%. [72] Also in 2009, Buffett acquired Burlington Northern Santa Fe Corp. for $34 billion in cash and stock. Alice Schroeder, author of Snowball, said that a key reason for the purchase was to diversify Berkshire Hathaway from the financial industry. [73]
Berkshire Hathaway's stock has rallied about 55% over the past three years, and it looks historically expensive at 26 times its operating earnings for 2023. Five years ago, it was trading at 21 ...
Oliver Chace (August 24, 1769 – May 21, 1852) was an American 18th and 19th-century businessman. He was the founder of several New England textile manufacturing companies in the early 19th century, including the Valley Falls Company, the original antecedent of Berkshire Hathaway, which as of 2019 is one of the largest and most valuable companies in the world.
1. Since Warren Buffett took the helm in 1964, Berkshire Hathaway has never underperformed the S&P 500 over any five-year interval. 2. If you had taken $10,000 back then and achieved the same rate ...
Helmed by arguably the most famous investor of all time, Warren Buffett, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has had a long and storied history of delivering incredible returns to its ...
He left Berkshire in 2011 after he personally made a $3 million profit from Berkshire Hathaway's purchase of Lubrizol. [7] In 2014, the company changed its name from MidAmerican Energy Holdings Company to Berkshire Hathaway Energy. [8] In August 2022, Berkshire Hathaway acquired a 1% stake in the company from Greg Abel for $870 million. [9]
Warren Buffett's investment career may never be replicated.