Buffett made little mention in this year’s letter about one of the looming questions over the conglomerate: Succession. The investor, who’s received his coronavirus vaccine, proved he’s still willing to travel by announcing he’ll head to Los Angeles to film this year’s annual meeting alo...
The disclosure was among the most significant at the annual meeting, which was notable for its different feel this year as the event that usually draws tens of thousands was hosted virtually. Buffett, 89, shared the stage with a top deputy, Greg Abel, who runs Berkshire’s ...
February 26, 2022 Warren E. Buffett Chairman of the Board
Buffett here repeats his fundamental view: regulators and investors like Berkshire because it plays by the rules, is wildly overcapitalised and makes sure its subsidiaries, from insurance to power generation, are overcapitalised too. “We will behave well, and we can afford to behave well. Whethe...
>> 9. 1976: GEICO (Government Employees Insurance Company)Buffett believed that GEICO still had the same structural advantages he first saw in 1951: selling directly, to better customers, at lower costs. As had been the case since Jack Byrne joined, GEICO was focused on building long-term re...
Buffett, Bezos & Dimon try to tackle health care Can Jeff Bezos, Warren Buffett and Jamie Dimon fix health care? Amazon is partnering with Buffett's Berkshire Hathaway and JPMorgan Chase, the nation's largest bank, to try to address one of the nation's thorniest and priciest problems ...
The most famous—and richest—proponent of this approach to inheritance is Warren Buffett, who created theGiving Pledgeto convince more of the world’s ultrarich to leave a majority of their fortunes to nonprofits rather than family. Buffett was famously quoted saying, “My family won’t receive...
The Warren Buffett Empire is diverse, and made up of hundreds of companies in different industries. However, segmenting by revenue does give an idea of how Berkshire makes its money: Revenue (Billions, 2017)% of Total Insurance $65.5 27% BNSF $21.4 9% Berkshire Hathaway Energy $18.9 8% Ma...
But the company has already announced that Greg Abel, the 60-year old vice chairman of all of Berkshire’s energy and other non-insurance units, will eventually take over for Buffett. Related More from CNN Trump’s social media stock is making an epic comeback ...
Buffett's company, Berkshire Hathaway, owns some very familiar American brand names including Benjamin Moore, Dairy Queen, Duracell, Fruit of the Loom, GEICO Insurance, and See's Candies. Thecompany also holdsa large number of shares in Apple, Bank of America, Coca-Cola, American Express, and...