Berkshire Hathaway - 10 things to know with detail
- 1. Berkshire Hathaway is a multinational conglomerate holding company based in the United States, founded by Warren Buffett in 1839.
- 2. The company owns a diverse range of businesses across various industries, including insurance, utilities, energy, manufacturing, and retail.
- 3. Berkshire Hathaway is known for its long-term investment strategy, focusing on acquiring undervalued companies with strong fundamentals and holding them for the long term.
- 4. The company's stock price is one of the highest in the world, with Class A shares trading at over $400,000 per share as of 2021.
- 5. Warren Buffett, the company's chairman and CEO, is one of the most successful investors in history and is often referred to as the "Oracle of Omaha."
- 6. Berkshire Hathaway is known for its decentralized management structure, allowing its subsidiary companies to operate independently while benefiting from the resources and support of the parent company.
- 7. The company's insurance businesses, including Geico and Berkshire Hathaway Reinsurance Group, are among the largest in the world and provide a stable source of revenue for the company.
- 8. Berkshire Hathaway has a strong focus on corporate social responsibility and has pledged to donate a significant portion of its profits to charitable causes through the Buffett Foundation.
- 9. The company has a strong track record of generating consistent returns for its shareholders, with an average annual return of over 20% since 1965.
- 10. Berkshire Hathaway's annual shareholder meeting, held in Omaha, Nebraska, is a highly anticipated event in the investment community, drawing thousands of investors and fans of Warren Buffett from around the world.