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.
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.
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.
Berkshire Hathaway Corporate Information
Mission Statement of Berkshire Hathaway
Berkshire Hathaway Acquisitions & Subsidiaries
Berkshire Hathaway Ownership And Investors
Berkshire Hathaway Financial Company Information
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.
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
How Does Berkshire Hathaway Make Money?
Berkshire Hathaway Company Culture
See the resources included in this post for the culture of Berkshire Hathaway.
Berkshire Hathaway Company Culture
How Does Berkshire Hathaway Treat Its Employees?
Berkshire Hathaway Company Complaints and Lawsuits
Berkshire Hathaway Failures
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.
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.
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.
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.