Berkshire Hathaway
About Berkshire Hathaway
Warren Buffett took control of Berkshire Hathaway, a struggling textile manufacturer, in 1965. He transformed it into a conglomerate holding company. Berkshire invested in insurance (GEICO), utilities, manufacturing, and consumer brands. Buffetts value investing philosophy, learned from Benjamin Graham, became legendary. Berkshire stock rose from 19 in 1965 to over 600,000 per share by 2024, a return of over 3 million percent. Buffett, the Oracle of Omaha, became one of the worlds richest people. He pledged to give away 99 percent of his wealth. Berkshire annual meetings in Omaha draw tens of thousands of investors.
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