Which company is Warren Buffett's multinational conglomerate and is publicly traded as BRK.A and BRK.B?
Answer
Berkshire Hathaway
Berkshire Hathaway is Warren Buffett's multinational conglomerate and is publicly traded as BRK.A and BRK.B.
The company traces its name to Berkshire Hathaway, a New England textile manufacturer formed through a 1955 merger. Buffett began buying Berkshire shares in the 1960s and eventually transformed it from a struggling textile business into an investment and operating conglomerate.
Berkshire owns or invests in businesses across insurance, railroads, utilities, energy, manufacturing, retail, and finance. Its wholly owned businesses include GEICO, BNSF Railway, and Berkshire Hathaway Energy.
A common mix-up is confusing Berkshire Hathaway with BlackRock. BlackRock is an asset-management company, while Berkshire owns operating businesses and a large portfolio of public-company investments. Berkshire's two share classes differ sharply in price but represent the same underlying company.