BRK-A - Berkshire Hathaway
Berkshire Hathaway (Berkshire Hath Hld) is a conglomerate based in Omaha, Nebraska, which was founded as a textile company in 1839, and was initially named Valley Falls Company because it was located in Valley Falls, Rhode Island.
Warren Buffett acquired the company when it was still manufacturing textiles, but it soon became the the company name far removed from the textile business operations.
Berkshire focuses on investing in companies, whether through buying shares or owning the company outright, based on wanting to hold them forever. Based on what is called 'value investing,' Buffett states his favorite time period for holding a company it invests in is "forever."
The foundation of the success of Berkshire Hathaway is its insurance business, where one of the world's greatest investors ever is able to take the float from premiums paid by customers and invest in companies he considers resistant to competition and having long-term growth potential.
Berkshire recently acquired Burlington Northern Santa Fe Corp., and since 2000 has acquired 100 percent stakes in Clayton Homes, Applied Underwriters, United States Liability Insurance Group, The Pampered Chef, Fruit of the Loom, Garan Children's Clothing and H.H. Brown Shoe Group, among a number of others.
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