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Feb 22, 2024 · When Berkshire agreed in 2015 to make its largest-ever acquisition, paying $32.1 billion for total ownership of industrial giant Precision Castparts Corp., Buffett brushed off concerns over...
- Berkshire Hathaway: The Early Years
- On to Insurance – and Other Industries
- Big on Brand Names
Warren Buffettwas 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 st...
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 ...
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...
Sep 13, 2023 · Berkshire Hathaway's pre-Buffett history begins in the 19th century with two separate Massachusetts cotton mills called Berkshire Fine Spinning Associates and Hathaway Manufacturing. The...
Dec 12, 2018 · Warren Buffett first invested in Berkshire Hathaway on Dec. 12, 1962, and paid $7.50 for his first shares. At the time, Berkshire was a struggling textile company and wasn't going to make it...
“I bought the first shares of Berkshire in 1962 and it was a northern textile business destined to become extinct eventually,” Buffett says in the documentary. “It was a statistically cheap stock...
Berkshire bought the company in 1967 in its first subsidiary acquisition under Buffett's control. In 2012, the company acquired Worker's Compensation insurer GUARD for $221,000,000. [47]
Aug 30, 2023 · 1980: In 1988, Buffett started accumulating shares of Coca-Cola KO for Berkshire Hathaway. After several large purchases, Berkshire Hathaway owned 7% of the company, worth $1.02 billion.
