Berkshire Hathaway is a monster of a company, with a vast reach of over thirty different companies. The investment firm which actually started out as a textile company was purchased by Warren Buffett as a young investor, and as the years went on Warren and his partner Charlie Munger built the company up from its humble beginnings to the powerhouse conglomerate that it is today. Warren Buffett has diversified his portfolio across a number of well known company’s, from insurance services to Jeweler companies. Berkshire Hathaway is the force behind the Geico insurance company, yes that is correct. That cute little lizard and those funny cavemen commercials were the brain child of Warren Buffett, who has owned the Geico Insurance company for over two decades now, and continues to operate the company.
Berkshire Hathaway is also the owner of the Acme Brick Company, one of the oldest brick makers in the country. With a 100% interest in the company Berkshire Hathaway has a controller share, and as such has steered the company to continued financial prosperity. Have you ever used a Pampered Chef® product? Well, Warren Buffett is the owner of that company too, so the next time you are making that delicious omelet for breakfast remember that it was created on a Berkshire Hathaway product.
Who could forget about the Duracell bunny? The well known battery company is also 100% owned by Berkshire Hathaway. Warren Buffett has been behind Duracell for a long time, and with good reason because he says that if you cannot hold onto a stock for ten years it is not worth holding for ten seconds. This investment philosophy has spilled over into his many businesses, and in turn helped to create and fund some of the most well known and long lasting companies in American business.