See These Resources For The Whole Story of Berkshire Hathaway
Berkshire Hathaway: The World’s Biggest Financial Services Company
When you search “Berkshire Hathaway” on Google, it tells you that people also ask “what does Berkshire Hathaway actually do?” Here’s your answer.
Berkshire Hathaway is one of those companies with such a long and rich history that it can be difficult to tell fact from fiction. But every myth has a grain of truth to it, and we can be pretty certain that the company started out as a textile company called the Valley Falls Company in Rhode Island.
The company’s founder, Oliver Chace, had previously worked for Samuel Slater, the man who founded the first successful American textile mill. Chase himself founded his first mill in 1806 and was 70 years old in 1839 when he created the Valley Falls Company.
There’s not too much to say about the first 100 years of the company, other than that Chace had a good successful life and lived to the ripe old age of 82. In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company and became Berkshire Fine Spinning Associates.
You can probably guess what happened next. In 1955, Berkshire Fine Spinning Associates merged with the Hathaway Manufacturing Company, and the newly formed company was named Berkshire Hathaway.
At the time, the company had fifteen plants and employed 12,000 people, making $120 million every year. But within five years, half of the locations had been closed and a huge number of people lost their jobs.
Warren Buffett, the iconic all-American businessman started buying stock in the company. Eventually, Buffett acquired enough stock to take control, but Berkshire Hathaway was struggling and the textile industry was on the decline. That’s why they turned to the insurance industry, although it wasn’t until 1985 that the final textile mill was shut down.
Berkshire Hathaway continued to grow under Buffett’s leadership, mostly by investing in other companies or even buying them out entirely. It’s now recognized as the world’s largest financial services company and the third-largest public company in the world.
Buffett himself has profited substantially too, with a net worth of $86 billion that makes him the third richest person in the world. And yet despite that, he’s not just sitting on his cash and watching it accumulate. Instead, he’s put up cash alongside long-time friend Bill Gates (the second richest person in the world), investing heavily in the Bill and Melinda Gates charitable foundation.
By the end of 2019, Berkshire Hathaway was in possession of $122 billion in cash and cash equivalents, with subsidiaries including the Acme Brick Company, Dairy Queen, Duracell, and Fruit of the Loom.
They also have substantial investments in many of the most well-known companies in the world, from Amazon, American Airlines, and Apple to Visa, Verisign, and Verizon. In fact, if Berkshire Hathaway invests in a company, it’s a pretty good sign that the company’s going to be a success, which is just one of the many reasons why we’ll be keeping our eyes peeled on the moves that they make in the months and years to come.
The following is a unique collection of resources that offer the complete story of Berkshire Hathaway. Have a look at the sections below for the areas that interest you.
The History of Berkshire Hathaway
How Warren Buffett Made Berkshire Hathaway
Berkshire Hathaway | Overview, History, & Facts | Britannica
How Warren Buffett Found Berkshire Hathaway: A 56-Year Love Story | The Motley Fool
Berkshire Hathaway – New World Encyclopedia
Founders
Warren Buffett – Company, Education & Life – Biography
Executive Team
Executive Officers & Directors-Berkshire Entities
BRK.A | Berkshire Hathaway Inc. Cl A Company Profile & Executives – WSJ
Corporate Information
Mission Statement
Berkshire Hathaway Mission Statement 2019 | Berkshire Hathaway Mission & Vision Analysis
Berkshire Hathaway Mission, Vision & Values | Comparably
Acquisitions & Subsidiaries
List of assets owned by Berkshire Hathaway – Wikipedia
Berkshire Hathaway Portfolio Tracker
Ownership And Investors
Top Four Shareholders of Berkshire Hathaway
BRKB – Berkshire Hathaway Inc Shareholders – CNNMoney.com
Financial Information
Berkshire Hathaway Inc. (BRK-A) Income Statement – Yahoo Finance
BRKa.N – Berkshire Hathaway Inc. Profile | Reuters
BRKB – Berkshire Hathaway Inc Financial Results – CNNMoney.com
Berkshire Hathaway Financial Statements 2005-2019 | BRK.B | MacroTrends
Facts
25 Surprising Facts About Berkshire Hathaway – AOL Finance
20 Fun Facts You Didn’t Know About Berkshire Hathaway
10 Surprising Facts About Warren Buffett’s Company | Inc.com
Interesting Berkshire Hathaway Facts (2019) | By the Numbers
25 Surprising Facts About Berkshire Hathaway | The Motley Fool
Business and Marketing Strategies
Business Strategies
A Review of Warren Buffett’s Investing Strategy
The Management of Berkshire Hathaway | Stanford Graduate School of Business
The True Competitive Advantages of Berkshire Hathaway – GuruFocus.com
How Does Berkshire Hathaway Make Money?
How Does Berkshire Hathaway Make Money? | The Motley Fool
How Warren Buffett makes money: Berkshire Hathaway business model – The Financial Express
$128 billion and growing: Warren Buffett’s Berkshire cash puzzle
Company Culture
Berkshire Hathaway Company Culture
The Value of Corporate Culture: The Case of Berkshire Hathaway
What It’s Like to Be Owned by Berkshire Hathaway
How Warren Buffett manages 360,000 Berkshire Hathaway employees
Employee Relations
Working at Berkshire Hathaway: Employee Reviews about Pay & Benefits | Indeed.com
Warren Buffett Pay – Business Insider
Complaints and Lawsuits
Berkshire Hathaway | Violation Tracker
Berkshire Hathaway Is Being Sued for ‘Reverse Ponzi Scheme’ | Fortune
Buffett Scandals: Then And Now
Berkshire Hathaway’s Insider-Trading Scandal – The Top 10 Everything of 2011 – TIME
Failures
Warren Buffett’s failures: 15 investing mistakes he regrets
Warren Buffett’s 15 Biggest Money Mistakes — and What You Can Learn From Them
Warren Buffett’s Biggest Blunder Has Now Cost Him $16 Billion | The Motley Fool
What’s Berkshire Hathaway’s Failure Can Tell Us About Investing – GuruFocus.com
Successes
The Secret Behind Berkshire Hathaway’s Success | The Motley Fool
Warren Buffett knows why Berkshire Hathaway has been a runaway success – Business Insider
The secret of Warren Buffett’s success at Berkshire Hathaway • The Register
Three Underrated Reasons for Berkshire Hathaway’s Success
The key reasons why Berkshire Hathaway is so successful | Shares Magazine
Articles of Interest
Berkshire Hathaway Inc. – The New York Times
Berkshire Hathaway News & Topics – Entrepreneur
Books
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