Berkshire Hathaway Inc. (BRK.B) is a multinational conglomerate holding company led by Warren Buffett, one of the most renowned investors in the world. Here's an introduction to BRK.B:
### Overview
- **Founded**: 1839 as a textile manufacturing company, transformed into a holding company in the 1960s.
- **Headquarters**: Omaha, Nebraska, USA.
- **CEO**: Warren Buffett, with Charlie Munger as Vice Chairman.
### Business Model
- **Diverse Holdings**: Owns a wide range of businesses across various sectors, including insurance, utilities, railroads, manufacturing, and retail.
- **Investment Strategy**: Focuses on long-term value investments, acquiring companies with strong fundamentals.
### Key Subsidiaries
- **Geico**: Leading auto insurance provider.
- **BNSF Railway**: Major North American freight rail network.
- **Berkshire Hathaway Energy**: Significant player in the energy sector.
### Financial Performance
- **Market Capitalization**: One of the largest companies by market cap globally.
- **Stock Structure**: Contains two classes of shares: Class A (BRK.A) and Class B (BRK.B), with Class B shares being more accessible to retail investors.
### Investment Philosophy
- **Value Investing**: Emphasizes buying undervalued companies with strong earning potential.
- **Management Quality**: Prefers companies with competent and trustworthy management teams.
### Shareholder Engagement
- **Annual Meeting**: Known as "Woodstock for Capitalists," attracting thousands of investors each year.
- **Transparency**: Provides detailed insights into the company’s strategies and performance.
Berkshire Hathaway continues to be a significant player in the global market, reflecting Buffett's investment acumen and long-term vision.
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