The Complete Story of Berkshire Hathaway See These Resources For The Whole Story
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 innings 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 had been made redundant.
Enter Warren Buffett, the iconic all-American businessman. He started buying stock in the company, eventually buying enough to take control, but Berkshire Hathaway was struggling and the textile industry was on the wane. 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
A company’s history offers valuable lessons as well as makes a great story. It’s interesting to find out about a company’s original operations, how it has changed over the years and the challenges faced during the startup phase.
Have a look at the selection below to understand more about 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
Berkshire Hathaway Founders
This section focuses on the people who started the company. You can gain insights into their goals, ideas, foresight, and how they started the company.
Many founders have interesting stories and experiences related to starting their business and the challenges they faced, as well as what they did to overcome those challenges.
Have a look at the following resources included in this post related to the founders.
Warren Buffett – Company, Education & Life – Biography
Berkshire Hathaway Executive Team
In the executive section, you’ll find information related to the management of a company. Management decisions are an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.
Have a look at the selection below for information related to the executives of Berkshire Hathaway.
Executive Officers & Directors-Berkshire Entities
BRK.A | Berkshire Hathaway Inc. Cl A Company Profile & Executives – WSJ
Berkshire Hathaway Corporate Information
Mission Statement of Berkshire Hathaway
Berkshire Hathaway Mission Statement 2019 | Berkshire Hathaway Mission & Vision Analysis
Berkshire Hathaway Mission, Vision & Values | Comparably
Berkshire Hathaway Acquisitions & Subsidiaries
List of assets owned by Berkshire Hathaway – Wikipedia
Berkshire Hathaway Portfolio Tracker
Berkshire Hathaway Ownership And Investors
Top Four Shareholders of Berkshire Hathaway
BRKB – Berkshire Hathaway Inc Shareholders – CNNMoney.com
Berkshire Hathaway Financial Company 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 about Berkshire Hathaway
In this section, you’ll find facts about the company. I like going through the facts because from a page or two you can learn a lot about the company, and if you find something that’s really interesting, you can dig deeper.
Have a look at the resources below related to Berkshire Hathaway 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 Used by Berkshire Hathaway
In this section, you’ll find a list of resources that focus on the business and marketing strategies used by Berkshire Hathaway.
With the understanding and proven business and marketing techniques you’ll be able to use the strategies used in this company that can be used as a lesson and applied to another business.
Berkshire Hathaway 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
Berkshire Hathaway Company Culture
Here’s where you can gain an idea about the culture of the company. A company’s culture includes the work environment, company values, expectations, ethics, employee relations and more.
See the resources included in this post for the culture of Berkshire Hathaway.
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
How Does Berkshire Hathaway Treat Its Employees?
Working at Berkshire Hathaway: Employee Reviews about Pay & Benefits | Indeed.com
Warren Buffett Pay – Business Insider
Berkshire Hathaway Company 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
Berkshire Hathaway 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
Inside the Success of Berkshire Hathaway
Success can be the result of a small idea that was executed extremely well; at other times, it may be the result of a long-term vision.
It’s interesting to study the success of companies and how people have dealt with managing a company that started off small and grew into a huge success story.
Have a look at the resources I have included in this post related to the success of Berkshire Hathaway.
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
Berkshire Hathaway Articles And Stories of Interest
In this section, you’ll find a mix of articles worth mentioning related to Berkshire Hathaway, including past and present events.
Have a look at what’s included for this post related to Berkshire Hathaway.
Berkshire Hathaway Inc. – The New York Times
Berkshire Hathaway News & Topics – Entrepreneur
Books Related to Berkshire Hathaway
Some companies are a huge success story or a miserable failure, with many lessons to learn. Have a look at books people have written for a complete overview.
Books from Amazon Related to Berkshire Hathaway
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The Latest about Berkshire Hathaway
In this section, you’ll be able to stay up to date on the latest information related to Berkshire Hathaway, including the latest news, Google searches, videos, what people are tweeting, and more.
I recommend spending some time on the news and tweets that can offer up-to-the-minute information about Berkshire Hathaway.
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