Entity: BERKSHIRE-HATHAWAY
Berkshire Hathaway is a multinational conglomerate holding company known for its diverse investments across various sectors. Originally formed from the merger of two Massachusetts textile firms, it is now managed by renowned investor Warren Buffett.
BERKSHIRE-HATHAWAY
Etymology
The name 'Berkshire Hathaway' originates from the merger of two Massachusetts textile firms, Berkshire Fine Spinning Associates and Hathaway Manufacturing Co., in the 1950s.
Definition
Berkshire Hathaway is a multinational conglomerate holding company headquartered in Omaha, Nebraska. It manages and owns subsidiaries across various sectors including insurance, utilities, rail transportation, manufacturing, and retail. Known for its long-term investment strategy and diverse portfolio.
Historical Context
Originally a textile manufacturer, Berkshire Hathaway transformed under the leadership of Warren Buffett into a conglomerate with controlling interests in numerous big companies.
Cultural Significance
Berkshire Hathaway is closely associated with Warren Buffett, who is revered for his investment acumen and business leadership. The company's annual shareholder meetings are widely attended events in the investment community.
Related Concepts
- Warren Buffett
- Investment Strategy
- Holding Company
See Also
A multinational conglomerate holding company with diverse investments and a long-term investment strategy.