This past year was “unremarkable” for Warren Buffett’s Berkshire Hathaway as the conglomerate’s cash hoards continued to grow and any “elephant” acquisitions remained elusive. This according to a recent article…
Tag: Berkshire Hathaway
Buffett Lieutenant Named to Head Berkshire’s Geico Unit
Todd Combs is to become chief executive of Berkshire Hathaway’s car insurer Geico on January 1st, according to a recent article in The Wall Street Journal. “The move marks a…
Buffett's Berkshire Hathaway See Record Profits and Cash
Berkshire Hathaway’s operating profit peaked in the third quarter, pushing the conglomerate’s 2019 net income to “a staggering $52 billion, making Berkshire the most profitable public company in the world.”…
Berkshire Stakeholder Sells Stock
Longtime Berkshire stockholder David Rolfe, chief investment officer at Wedgewood Partners, wrote in his third-quarter letter to clients that he’s fed up with Berkshire Hathaway’s lackluster investments and missed opportunities…
Buffett Protégé Starting Her Own Firm
One of Warren Buffett’s inner circle is leaving Berkshire Hathaway to start her own firm, according to a recent article in The Wall Street Journal. Tracy Britt Cool, who the…
Berkshire Boosts Amazon Stake 11%
Second quarter regulatory filings by Berkshire Hathaway show that the company grew its stake in online retailing behemoth Amazon by 11% to a level of more than $1 billion, according…
Buffett's Formula Still Works
The performance of Berkshire Hathaway shares over the past 32 years has been “nothing short of phenomenal” notwithstanding industry noise that Warren Buffett’s legacy is being challenged. This according to…
Buffett's Berkshire Bets Over $860 Million on Amazon
Berkshire Hathaway revealed that its new wager on Amazon totaled $860.6 million at the end of March, according to an article in Bloomberg that outlines key takeaways from the conglomerate’s…
Quiet Collaboration at Berkshire Hathaway
The environment at Berkshire Hathaway has changed from one where myriad companies run independently of each other to one where top executives of the different units gather regularly to share…
Buffett's Course Correction on Airlines
After decades of swearing off the sector, Berkshire Hathaway’s airline holdings make it among the biggest shareholders in the four largest U.S. carriers, and CEO Warren Buffett said he wouldn’t…