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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)
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Fast Facts
- 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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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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Managed Since: 06/21/2009
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Managed Since: 06/21/2009
Views: 183
Money Earned: M$0.45
Page revenue is subject to change as we obtain data from our partners
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Berkshire Hathaway on Twitter Powered by Twitter
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Berkshire Hathaway: credit crisis has abated http://bit.ly/2MEJjX (Bbg)
@DougP1 | November 09, 2009 01:57 PM -
Berkshire-Hathaway is now a railroad. With Warren Buffett's $25 billion purchase of Burlington Northern Railroad,... http://bit.ly/1OOsUp
@trafalgarinvest | November 09, 2009 01:39 PM -
Berkshire Hathaway for $68? Sweet! http://tinyurl.com/yc5r49q plus http://bit.ly/UuUve
@FundMojo | November 09, 2009 01:30 PM -
Buy, Sell or Hold: Buffett’s Berkshire Hathaway Inc. Has Been Masterfully Managed and Will Continue to Benefit .. http://bit.ly/3x8Qop
@moneymorning | November 09, 2009 01:16 PM -
Berkshire Hathaway for $68? Sweet!: I don't know about you, but I don't have a spare $101,900 stuffed under my .. http://bit.ly/1t37c
@SmartInvestor | November 09, 2009 01:16 PM
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Berkshire Hathaway on Amazon | View All
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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 follower should be interested in this book." –Al...
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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 record of brilliantly successful business strategies, sees ...
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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 financial expertise.This product is manufactured on demand...
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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 it comes away singing its praises" –Warren Buffe...
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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 extraordinary record of brilliantly successful business strategies, ...
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Questions and Answers About Berkshire Hathaway | View All | Ask a Question
View All Berkshire Hathaway Questions (8) | Ask a QuestionDid Angelina Jolie glare at Anne Hathaway during the Critics Choice Awards? (2 Answers)Well, 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 ... read moreWhat did you think of Anne Hathaways impression of Richard Nixon on the Oscars? (4 Answers)Anne 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 2009! read moreI know youre not supposed to tell, but where is everyone in the Berkshires finding all those great morels? (1 Answer)You 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 on your own and become a ... 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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