What Is Berkshire Hathaway?
Berkshire Hathaway is a holding company for a multitude of businesses, including GEICO and Fruit of the Loom. It’s run by chair and CEO Warren Buffett. Berkshire Hathaway is headquartered in Omaha, Neb., and was originally a company comprised of a group of textile milling plants.
- Berkshire Hathaway is a massive holding company, run by famed “value” investor Warren Buffett since the 1960s.
- Berkshire Hathaway has a market capitalization of over $600 billion, making it one of the largest publicly traded companies worldwide.
- Berkshire Hathaway has two classes of stock; its class A shares are among the most expensive on the stock market.
- It owns a variety of well-known private businesses, such as GEICO, and also has sizeable minority interests in public companies, such as Apple.
- Greg Abel is the heir apparent to Berkshire CEO Warren Buffett who, though 90 years old, has yet to announce any plans to step down.
How Warren Buffett Made Berkshire A Winner
Understanding Berkshire Hathaway
Buffett became the controlling shareholder of the company in the mid-1960s and began a progressive strategy of diverting cash flows from the core business into other investments. As of May 4, 2021, Berkshire Hathaway had a market capitalization of over $600 billion, making it one of the largest publicly traded companies worldwide.
Because of Berkshire Hathaway’s long history of operating success and keen investments, the company has grown into the ninth-largest public company in the world in terms of market capitalization (as of June 2020). Berkshire’s stock trades on the New York Stock Exchange as two classes—A shares and B shares. Class A shares trade for $421,420 per share as of May 4, 2021.
The overall return of Berkshire Hathaway’s stock from 1965 to 2020; during this same period, the S&P 500 returned just 23,454%.
Insurance subsidiaries tend to represent the largest pieces of Berkshire Hathaway, but the company also manages hundreds of diverse businesses all over the world, including Duracell, International Dairy Queen, Pampered Chef, Fruit of the Loom, NetJets, and GEICO, among others. In addition to owning private companies, Berkshire also has a large investment portfolio of stocks in major public companies, such as Apple (AAPL), Bank of America (BAC), and United Parcel Service (UPS). As of its latest 13F filing, Feb. 2, 2021, Berkshire’s public market equity portfolio was valued at nearly $270 billion.
Early in his career, Buffett came across the novel idea to use the “float” from his insurance subsidiaries to invest elsewhere—mainly into focused stock picks that would be held for the long term. Buffett has long eschewed a diversified stock portfolio in favor of a handful of trusted investments that would be over-weighted in order to leverage the anticipated return. Over time, Buffett’s investing prowess became so noted that Berkshire’s annual shareholder meetings are now a mecca for value investing proponents and the focus of intense media scrutiny.
From 1965 to 2019, the annual performance of Berkshire Hathaway’s stock was more than twice that of the S&P 500 index. Berkshire’s stock generated an annualized 20% over that period, while the S&P 500’s annualized gain was 10.2%.
Succession has always been a hot topic for Berkshire, with the big question being: Can Buffett’s replacement continue the streak of market out-performance? The question becomes even more pressing when you consider that Buffett turned 90 years old in August of 2020.
In 2010, Buffett announced that he would be succeeded at Berkshire Hathaway by a team—comprised of one CEO and two to four investment managers. In 2011, it was announced that hedge fund managers Todd Combs and Ted Weschler would be two of those managers. In 2018, the company put Ajit Jain in charge of all of the insurance operations and made Greg Abel the manager of all other (noninsurance) operations. Both men seemed likely candidates for Buffett’s heir apparent.
On May 1, 2021, vice chair of Berkshire Hathaway, Charlie Munger, unofficially announced that Warren Buffett would be succeeded as CEO by Greg Abel when Buffett eventually steps down. Abel’s official title is CEO of Berkshire Hathaway Energy and vice chair in charge of noninsurance operations.
Buffet has not announced any retirement plans. Still, it is good that the question of succession has been answered considering that the Oracle of Omaha turns 91 years old in August 2021.
Charlie Munger: This Habit Helped Me Enormously In Life. | Redlands Forum 2020【C:C.M Ep.178】
In this episode, Charlie Munger was asked to share his view on specialization versus a broadbased learning? And what is his thoughts on the role of a liberal arts education?
Video Transcript: https://www.yapss.com/post/collectioncharliemunger178learnthemethodoflearning
Full Video: https://youtu.be/Rh1WCzfCP24
This forum of Charlie Munger with Jack Dangermond and Larry Burgess was part of Redlands Forum series cohosted by Esri and the University of Redlands on January 29, 2020.
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Buffett buys back Berkshire: Morning Brief
Berkshire Hathaway’s own shares were Berkshire’s big buy in the second quarter.
Yahoo Finance’s EditorinChief Andy Serwer and Myles Udland discuss Berkshire Hathaway in Q2 results.
Berkshire Hathaway (BRKA, BRKB) released its quarterly results on Saturday morning.
Total revenue for the conglomerate hit $69.1 billion in the second quarter while earnings per share came in at $18,488 per Class A share.
But as has been the case for several years now, one of the biggest headlines to emerge from Berkshire’s results is the growing cash pile Warren Buffett’s company is sitting on. At the end of the quarter, Berkshire’s insurance and other businesses held cash, cash equivalents and Treasury Bills worth $140.7 billion. This is up from $138.1 billion at the end of the first quarter.
The primary use of Berkshire’s cash in recent years been to purchase equity securities and, specifically, repurchase shares of Berkshire Hathaway.
In the second quarter, the company spent $6 billion buying back its own stock after spending $6.6 billion on repurchases in the first quarter. As Bloomberg’s Katherine Chiglinsky notes, this most recent repurchase is the 4thlargest since Berkshire embarked on repurchases of its stock in 2018, after taking almost six years off from the practice.
In his most recent annual letter to Berkshire Hathaway shareholders, Buffett talked at length about share buybacks and the benefits this practice can confer on shareholders, using Berkshire’s stake in Apple (AAPL) and Apple’s own repurchase plan as an illustration of this dynamic.
\”The math of repurchases grinds away slowly, but can be powerful over time,\” Buffett wrote. \”The process offers a simple way for investors to own an everexpanding portion of exceptional businesses. And as a sultry Mae West assured us: ‘Too much of a good thing can be … wonderful.’\”
For more on this article by Myles Udland please visit:
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Cầm 137 tỷ đô, bài học từ Warren Buffett và ĐHCĐ Berkshire Hathaway 2020 – Góc nhìn TCKD
Đợt bán tháo trên thị trường chứng khoán vì Covid19 đã để lại khoản lỗ 50 tỷ USD cho Tập đoàn Berkshire Hathaway của Warren Buffett trong quý I.
Berkshire nổi tiếng với việc đầu tư vào Goldman Sachs trong khủng hoảng tài chính thời điểm rất ít công ty tư nhân dám mạnh tay chi tiền. Nhưng trong quý vừa rồi, S\u0026P 500 giảm 20%, các cổ phiếu mà Berkshire nắm giữ số lượng lớn thậm chí còn lao dốc mạnh hơn, trong đó có American Express, Bank of America, Wells Fargo và 4 hãng hàng không American, Delta, Southwest và United. Đóng cửa phiên giao dịch hôm thứ sáu, cổ phiếu của Berkshire đã giảm khoảng 19%.
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Warren Buffett: Nếu không khống chế được nỗi sợ, đừng sở hữu cổ phiếu
Warren Buffett: Nếu không khống chế được nỗi sợ, đừng sở hữu cổ phiếu
Lần đầu tiên cuộc họp Đại hội cổ đông của Berkshire Hathaway được tổ chức trực tuyến đã thu hút tất nhiều sự quan tâm của giới đầu tư.
Tại đây, tỷ phú 89 tuổi Warren Buffett cũng bàn về lý do tại sao đâu tư dài hạn lại quan trọng.
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2000 Berkshire Hathaway Annual Meeting (Full Version)
Berkshire Hathaway annual shareholder meeting (April 29, 2000)
Video combines Morning session \u0026 Afternoon session.
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