Berkshire Hathaway

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)

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.

• The Blackstone Group

• HM Capital Partners

• The Carlyle Group

• Kohlberg Kravis Roberts & Company

• Texas Pacific Group

• • This page was created by Donald Mc, a Part Time Guide in the Mahalo Greenhouse (see the original), and curated by Julia.

• If you'd like to help us create the best spam free search results on the Internet, apply to be a Part Time Guide!</em>