Which investment company, led for decades by Warren Buffett, is known for owning BNSF Railway and GEICO?

Berkshire Hathaway, led for decades by Warren Buffett, is known for owning BNSF Railway and GEICO.

Berkshire Hathaway is a diversified holding company whose businesses include insurance, rail transportation, utilities, energy, manufacturing, and retail. GEICO is one of its major insurance subsidiaries, while BNSF Railway is one of the largest freight railroad networks in North America.

The modern Berkshire story began with Warren Buffett’s investment partnership acquiring control of the struggling textile company in the 1960s. Buffett eventually shifted the company away from textiles and toward insurance and long-term ownership of operating businesses and publicly traded shares.

Berkshire’s market capitalization is unusual because investors often focus on its large equity portfolio, substantial cash reserves, and many wholly owned businesses. Its famous Class A shares are among the highest-priced individual shares in the world, although the company also issues more affordable Class B shares.