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- Annual revenue: $98.54 billion
- Headquarters: Omaha, Nebraska
- Staff: 233,000 as of 2007
- CEO: Warren Buffett
- Berkshire Hathaway companies include McLane Company, Dairy Queen, Clayton Homes and MidAmerican Energy Holdings
- CEO salary: $100,000
- Vice chairman: Charlie Munger
- Founded in 1839
- Founder: Oliver Chace
- Berkshire Hathaway is the highest priced stock on the New York Stock Exchange
- Fourth quarter 2008 was company's fifth year-over-year quarterly declineWall Street Journal: Berkshire Hathaway Reports Worst Year Ever (February 28, 2009)
- 4th quarter income fell to $76 per share from $1,904 per share in 4th quarter 2008Bloomberg: Berkshire Profit Plunges 96% on Stock Market Bets (Update3) (February 28, 2009)
- Per-share book value of Berkshire shares fell 9.6%MarketWatch: Buffett cops to mistakes, likes longer-term horizon (February 28, 2009)
- Berkshire still beat Standard and Poor's 500 index book value, which lost 37% in 2008Wall Street Journal: Berkshire Hathaway Reports Worst Year Ever (February 28, 2009)
- Net income fell to $4.99 billion from $13.21 billion in 2007Wall Street Journal: Berkshire Hathaway Reports Worst Year Ever (February 28, 2009)
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Omaha, Nebraska-based Berkshire Hathaway is a large holding company led by billionaire investor Warren Buffett. The company primarily operates through its subsidiaries in the insurance industry, but has a wide and diverse portfolio.
On February 28, 2009, Buffett's annual letter to shareholders contained very bad news: the group's net income dropped 62% in 2008, the largest decline endured by the company since Buffett took over in 1965.Wall Street Journal: Berkshire Hathaway Reports Worst Year Ever (February 28, 2009)
Berkshire Hathaway and Warren Buffett
The chairman and CEO of Berkshire Hathaway is billionaire investor Warren Buffett. In 1962, Buffett began buying shares of the company, which was mostly a textile manufacturing firm at the time. Soon after purchasing the initial stock, Buffett gained majority control of the company and used it as a vehicle to invest in various insurance firms. The company expanded to other industries as time went on.Berkshire Hathaway's diverse portfolio includes the management of companies in industries such as home furnishings, newspaper publishing, candy manufacturing, encyclopedias, vacuum cleaners, jewelry sales and retail. The company's primary focus has followed the philosophy of value investing, which was developed by Columbia University economist Benjamin Graham.
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Berkshire Hathaway on Amazon
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Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger - $19.95
Praise For Damn Right! From the author of the bestselling WARREN BUFFETT SPEAKS <P>"Charlie Munger, whose reputation is deep and wide, based on an extraordinary...Amazon
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Charlie Rose - Warren Buffett (May 10, 2007) - $24.95
An exclusive conversation with the CEO of Berkshire Hathaway, Warren Buffett. Buffett discusses his company, his life, his donation to the Bill & Melinda Gates foundation and his f...Amazon
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The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers - $21.95
"Everyone knows Warren is the greatest investor of our time. . . .This book for the first time captures his genius as a manager." –Jack Welch "Everyone who reads...Amazon
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Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger - $48.95
Praise for Damn Right! From the author of the bestselling WARREN BUFFETT SPEAKS. . . <P>"Charlie Munger, whose reputation is deep and wide, based on an extraord...Amazon
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101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway - $14.95
PRAISE FOR 101 Reasons to Own The World’s Greatest Investment "Robert Miles clearly understands the company well." –Warren Buffett <P>"Every Berkshire...Amazon
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Berkshire Hathaway Questions
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Did Angelina Jolie glare at Anne Hathaway during the Critics Choice Awards? 2 AnswersWell, I watched it and couldn't find any glares or eye rolling and then watched the first Jolie shot after 6:30 again, and I don't see it. At about 7:18 she loo... read more -
What did you think of Anne Hathaways impression of Richard Nixon on the Oscars? 4 AnswersAnne Hathaway was great and funny playing the role of Nixon in the opening musical skit with host Hugh Jackman. One of the Memorable Moments of Academy Awards 2... read more -
I know youre not supposed to tell, but where is everyone in the Berkshires finding all those great morels? 1 AnswerYou will want to spend some time in the Berkshire Mycological Society http://www.bms.iwarp.com/ And learn the hunting techniques and then you can go off o... read more -
Who will win the best actress Oscar for 2009? Who should win the Best actress Oscar for 2009? 2 AnswersI think Kate Winslet both *will* and *should* win best actress. read more
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Berkshire Hathaway Competitors
- The Blackstone Group
- HM Capital Partners
- The Carlyle Group
- Kohlberg Kravis Roberts & Company
- Texas Pacific Group
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