Berkshire Hathaway

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Definition of 'Berkshire Hathaway'

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Berkshire Hathaway owns dozens of companies, including Geico, Dairy Queen, BNSF, and Fruit of the Loom. The company is led by Warren Buffett, who is one of the most successful investors in history.

Berkshire Hathaway was founded in 1839 as a textile company. In 1965, Buffett acquired a controlling stake in the company and began to transform it into a holding company. Berkshire Hathaway has since become one of the largest companies in the world, with a market capitalization of over $600 billion.

The company's success is due in large part to Buffett's investment philosophy. Buffett is a value investor, which means that he focuses on buying stocks that are undervalued. He also has a long-term investment horizon, which means that he is willing to hold stocks for many years, even if they do not perform well in the short term.

Berkshire Hathaway is a unique company in many ways. It is one of the few companies that has consistently outperformed the stock market over a long period of time. The company is also known for its strong corporate culture and its commitment to philanthropy.

Berkshire Hathaway is a major force in the American economy. The company employs over 300,000 people and generates over $200 billion in revenue each year. Berkshire Hathaway is also a major shareholder in many other companies, including Coca-Cola, American Express, and Wells Fargo.

The company's future is uncertain. Buffett is 91 years old and has not yet named a successor. However, Berkshire Hathaway is in a strong financial position and has a talented management team. The company is likely to continue to be a major player in the American economy for many years to come.

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