The Story Behind Berkshire Hathaway, These Sources Tell All 

December 29, 2019 717 views

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 Is History

Berkshire Hathaway – New World Encyclopedia


Oliver Chace – Wikipedia

Warren Buffett – Company, Education & Life – Biography

Warren Buffett Archive

Warren Buffett

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


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 Gives His Employees ‘Principles of Behavior’ and Trusts Them to Do the Right Thing – Government Executive

Warren Buffett Pay – Business Insider

Complaints and Lawsuits

Berkshire Hathaway | Violation Tracker

Berkshire Hathaway Is Being Sued for ‘Reverse Ponzi Scheme’ | Fortune

The Lawyers Go After Buffett

Buffett Scandals: Then And Now

Berkshire Hathaway’s Insider-Trading Scandal – The Top 10 Everything of 2011 – TIME


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


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

Berkshire Hathaway


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