CategoryBerkshire Hathaway

Berkshire Hathaway listed in 1988!?

The more I dig into Berkshire Hathaway, the odder it gets. Did you know the company wasn’t listed on the New York Stock Exchange until November 1988? In 1929, Berkshire Fine Spinning Associates was created through the merger of the Berkshire Cotton Manufacturing Company (founded in 1889) with Oliver Chace’s textile companies (founded in 1839). In 1955, Hathaway Manufacturing Company...

The IRS decided Berkshire Hathaway’s dividend policy

The more I dig into the history of Berkshire Hathaway, the more it looks like Warren Buffett’s strategy is opportunism vs. innovation. For example, the reason Buffett operates one holding company instead of three was a run in with the SEC, as I explained in an earlier post. The reason he runs Berkshire Hathway instead of just owning it through Buffett Partnerships LLC is an even earlier...

Buffett, a Biography

After finishing Buffett: The Making of an American Capitalist by Roger Lowenstein, I’m confident that Warren would be quite pleased that I managed to pick up a used copy for just 75¢ at my local library. Warren may be one of the 10 richest people on the planet, but Warren Buffett loves a bargain. Like most owners in Berkshire Hathaway, before reading this book I knew a little about Buffett...

The SEC created Berkshire Hathaway???

SEC

The backstory of Warren Buffett’s career and the creation of Berkshire Hathaway is a lot more fascinating and interesting than I thought possible. Last we left this story, Buffett had retired in 1969 but was still not yet working full-time with Charlie Munger at his side by 1974. Roger Lowentein’s biography Buffett: The Making of an American Capitalist, isn’t told chronologically...

Warren Buffett was still Retired in 1974

Warren Buffett retires

After 12 years of crushing Lehman Brothers, the Massachusetts Trust, and the Dow Industrial Average, Warren Buffett retired from investing in May 1969, and he was still telling people he was retired in 1974. If you missed my first blog post about Buffett’s retirement, best to start with that one, which left off at the cliffhanger asking how he got from there to Berkshire Hathaway. Halfway...

Warren Buffett Retired (in 1969)

Warren Buffett retires

After 12 years of crushing Lehman Brothers, the Massachusetts Trust, and the Dow Industrial Average, Warren Buffett retired from investing in May 1969, never to be heard from again. The first half is completely true. The second, true as of the end of 1969. Learning about both of those facts has dropped me down a fascinating rabbit hole of corporate history and Buffett lore that I’ll...

Copying Berkshire Hathaway

Berkshire Hathaway letter

A few weeks ago I asked the internet why there are no copycats of Berkshire Hathaway, despite Warren Buffett telling the world exactly how he and Charlie do what they do. This week, Buffett’s annual letter to shareholders was published, and now that Africa Eats is copying parts of Berkshire Hathaway’s model, I found it more fascinating than usual to both learn as well as compare and...

Why is there just one Berkshire Hathaway?

Why is there just one Berkshire Hathaway?

There a dozen automobile companies. Dozens of airlines. Over a thousands banks. Hundreds of venture capital funds and thousands of mutual funds. There are even two stock markets in the US, and the old rivalries of Coca Cola vs. Pepsi, Visa vs. Mastercard, and Mac vs. PC. But there is just one Berkshire Hathaway. Why? Why after sixty years of near-continuous success is there not just a distant...

Books

The Next StepThe Next StepThe Next StepThe Next Step The Next StepThe Next StepThe Next StepThe Next Step

Podcast

Fledge

Recent blog posts

Categories

Archives