Berkshire Hathaway

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Berkshire Hathaway

A company that holds a wide variety of investments for shareholders. It was founded in 1839 as a textile manufacturing company. In 1962, Warren Buffett began buying its shares and eventually took a controlling stake in the company. Buffett expanded Berkshire Hathaway into insurance and used the proceeds to finance other investments. Buffett used the value investing philosophy in picking Berkshire's investments, which in general have been highly profitable. For example, these investments returned 76% to shareholders between 2000 and 2010. It often is held up as a primary example of the success of value investing.
References in periodicals archive ?
Read Warren Buffett's clear and educational letters to shareholders at berkshirehathaway.
securities regulator has decided not to take action against David Sokol, once considered a possible candidate for the top job at Warren Buffett's BerkshireHathaway Inc, Sokol's lawyer told Reuters.
Buffett surprised many when he said Sokol had violated insider trading rules by failing to disclose his purchase of Lubrizol shares, less than four weeks after starting talks with Citigroup Inc bankers on acquiring all the shares in the chemicals company that BerkshireHathaway did not already own.
13 Swire Pacific Hong Kong 17 Groupe Bruxelles Lambert Belgium 11 Pacific Dunlop Australia 9 CSR Australia 11 BerkshireHathaway U.
Reuters) - Five former executives of American International Group Inc and BerkshireHathaway Inc unit Gen Re admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long criminal case against them.
Some of the firm's biggest clients included General Motors Corp, eBay, Novartis, Ambac and BerkshireHathaway Reinsurance Division.