Part 2/13:
Berkshire Hathaway is often described as the “Woodstock of capitalism,” drawing thousands of eager investors annually to Omaha, Nebraska, to witness Warren Buffett and Charlie Munger in action. It’s not just a typical shareholder meeting but a celebration of value-based investing, company culture, and long-term financial wisdom.
Berkshire Hathaway is primarily an insurance conglomerate, led by Buffett since 1965, whose insurance businesses—most notably GEICO—generate cash flow that fuels its larger strategy: acquiring whole companies or sizable stakes in other market leaders. Some wholly owned businesses include:
Dairy Queen
Fruit of the Loom
See’s Candy
BNSF Railway
Berkshire Hathaway Energy
Precision Castparts (a recent acquisition)