Berkshire Hathaway, Inc is an American business conglomerate and multinational holding company which calls Omaha, Nebraska home, being headquartered there. Berkshire is known for its leadership and control by Warren Buffet, who serves as chief executive officer (CEO) and chairman and who has turned the company into one of the best investment stories in modern financial history.
There has been a lot written about this company, a product of Buffet’s guiding hands for over a half century who turned a little textile maker into one of the biggest collection of companies and stocks known to conglomerates. Even if you’re a shareholder, you probably don’t know everything there is to know about the company. Here’s 20 things you didn’t know about Berkshire Hathaway. For this purpose, from here on out, Berkshire Hathaway will be referred to as BH.
1. Starter Fact
Just to get things started, Buffet, the company’s famous CEO, first purchased stock when he was only eleven years old, back in 1941, learning one of his very first lessons about being patient, especially when it comes to watching stocks. He bought six shares of a company for both himself and his sister, the stock falling as soon as he purchased it. However, the stock then rose slightly immediately after. Eventually, he sold their shares for two hundred dollars each, making a huge profit on the original forty dollars with which he bought each with.