Warren Buffett’s insurance and investing conglomerate Berkshire Hathaway is less about Buffett than it ever was. The company used to generate the bulk of its income from Buffett investment mastery. But in early 2016, Berkshire completed its $32 billion acquisition of Precision Castparts. That adds to dozens of companies Berkshire now owns from car insurance company Geico, to under wear maker Fruit of the Loom, to railroad giant Burlington Northern. The company also owns, along with private equity firm 3G, a sizable chunk of food giant Kraft Heinz. Berkshire now generates nearly three-quarters of its revenue from its non-financial, operating businesses, which is good news. As of late, Buffett’s big stock market investments like IBM and American Express, haven’t looked so hot.
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Buffett has been gradually building up positions in major financial companies.
A ballot measure in Nevada has attracted $95 million in donations.
Berkshire Hathaway gives another vote of confidence in Apple and Goldman Sachs.
Jeff Bezos, Warren Buffett, and Jamie Dimon name the new CEO who will guide their radical healthcare experiment. And he’s a winner.
As the chattering class gossip over who will be CEO of the healthcare venture, here are a few thoughts on what she’ll need.
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It is ranked #3 on the 2018 Fortune 500 list.
The Oracle of Omaha spoke at a Clinton rally on Monday night.
Her endorsed her for president, too.