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  1. Dec 12, 2017 · Warren Buffett bought his first Berkshire Hathaway shares for $7.50 each, 55 years ago today Published Tue, Dec 12 2017 3:58 PM EST Updated Thu, May 28 2020 8:31 AM EDT Ali Montag @Ali_Montag

    • Ali Montag
    • Berkshire Hathaway: The Early Years
    • on to Insurance – and Other Industries
    • Big on Brand Names

    Warren Buffett was born in Omaha, Nebraska, August 30, 1930. He came from a business family – his grandparents owned a grocery business and his father was an investment specialist and later was elected to Congress in 1942. Warren Buffett purchased his first stock, Cities Service Preferred, for $38 a share when he was 11 years old. Buffett took to stock-picking like a seasoned professional, and had amassed approximately $53,000 in portfolio assets (in today’s dollars) by the time he was 16 years old. His early lessons on stock picking have held firm over the decades. As a young investor, Buffett learned that picking stocks was tough, so when he found a good one, he hung on to it as long as he could. Buffett continued investing into his 20s and at 32 years old, uncovered a New England textile company called Berkshire Hathaway. Founded in 1839 as the Valley Falls Company (so named because it resided in Valley Falls, R.I.), the company owned multiple textile companies in the region, and...

    Warren Buffet’s first insurance company purchase for Berkshire Hathaway was the National Indemnity Co., in 1970. A few years later, Berkshire took a swing again, buying up an equity stake in Government Employees Insurance Company, better known to millions of advertising consumers as GEICO. Berkshire perfected the art of using so-called float money from insurance claims (money owed but not paid until claims were settled) to begin investing in other industries. Aside from textiles and insurance, the 1970s and 1980s saw Berkshire purchase stakes in companies in industries as diverse as candy/confectionaries and gas and utility companies. Along with Munger, who came aboard with Berkshire Hathaway in the 1970s, Buffett continued to focus on companies with stable, almost predictable long-term growth, while shying away from what everyone else (i.e., the herd) was doing on Wall Street – buying stocks based on assets and cash flow, and in somewhat speculative industries. Buffett practiced wh...

    Berkshire has continued making new investments in companies familiar and unfamiliar. Aside from GEICO, Berkshire bought up brand names like Benjamin Moore Paints, Dairy Queen, Fruit of the Loom, Business Wire, and Helzberg Diamonds, among many others. The company also owns sizable pieces of landmark companies (as a percentage of total company stock) such as American Express (AXP) - Get American Express Company Report, The Coca-Cola Company (KO) - Get Coca-Cola Company Report, Bank of America (BAC) - Get Bank of America Corp Report, and Apple (AAPL) - Get Apple Inc. (AAPL) Report, among many others. Today, if you’re looking to buy a piece of Berkshire Hathaway, it’ll cost you $340,000 a share (for Class A stock). Its Class B shares sell for $205 apiece, as of March 1, 2020. Total annual revenues clocked in at $247 billion in 2018, and its market cap is valued at over $500 billion. Additionally, Berkshire Hathaway is the leading property and casualty company in the world. It’s also co...

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  3. Berkshire first ventured into the insurance business with the purchase of National Indemnity Company. In the late 1970s, Berkshire acquired an equity stake in the Government Employees Insurance Company , which forms the core of its insurance operations today (and is a major source of capital for Berkshire Hathaway's other investments). In 1985 ...

  4. Oct 25, 1999 · Billionaire's Berkshire Hathaway buying 75% of MidAmerican Energy. NEW YORK (CNNfn) - A Warren Buffett-led investment group agreed to acquire MidAmerican Energy Holdings Co. for $2.15 billion cash ...

  5. Aug 09, 2021 · Berkshire Hathaway (BRK-A, BRK-B) released its quarterly results on Saturday morning. Total revenue for the conglomerate hit $69.1 billion in the second quarter while earnings per share came in at ...

    • Myles Udland
  6. Sep 15, 2021 · Warren Buffett’s Berkshire Hathaway disclosed a regulatory filing on Monday revealing the firm acquired more than 9.8 million shares of Apple stock for $1.1 billion during the first quarter.

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