County Berkshire Financial News

Investing.com — A mystery is swirling around Berkshire Hathaway (NYSE:BRKa) following its latest quarterly earnings.

Berkshire Hathaway's 2023 shareholder letter, Warren Buffett pays tribute to his longtime partner, Charlie Munger, shedding light on their decades-long collaboration. Buffett's commendation encompasses Munger's exceptional intellect, sound judgment, and vast knowledge, underscoring Munger's pivotal role in Berkshire's success. This comprehensive overview examines Buffett's reflections, delving into the Who, What, When, Where, Why, and How of their enduring partnership, offering insights into Munger's profound influence on Berkshire Hathaway's investment philosophy and corporate culture.

The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company

Warren Buffett (pictured), chair of Berkshire Hathaway

insurance, textiles, retailing, candy, promotional services and newspapers. In 2022, Berkshire’s assets stood at about $948 billion—a compounded annual growth of 17%. Of this, about $308 billion, or about 30%, was in listed businesses run by others.

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An attorney for the billionaire Haslam family has called the bribery allegations from Warren Buffett’s company a “wild invention."

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tribute to the late Charlie Munger on the social media site X (formerly Twitter). He wrote, "RIP Charlie Munger. I'll always remember him for this talk he gave on the Psychology of Human Misjudgement.

By Jonathan Stempel

Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units. Yet the partnership that formally began when they teamed up in 1975 at Berkshire, where Buffett was chairman and Munger became vice chairman in 1978, thrived despite pronounced differences in style, and even investing. Known almost universally as Charlie, Munger displayed a blunter form of musings, often in laconic one-liners, on investing, the economy, and the foibles of human nature. He likened bankers to uncontrollable «heroin addicts,» called the virtual currency Bitcoin «rat poison,» and told CNBC that «gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold. They invest in productive businesses.» Munger was no less pithy in talking about Berkshire, which made both he and Buffett billionaires and many early shareholders rich as well. «I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick,» Munger said in 2010.

Charlie Munger, Warren Buffett's righthand man for nearly six decades, was a shrewd investment genius in his own right, passing on rich investing wisdom for generations of investors to learn from.

Today, Berkshire Hathaway is massive conglomerate worth north of $785 billion with businesses and investments all around the world. This exceeded Charlie Munger's wildest dreams.

Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99.

Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is «built to last.»

Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities.

Warren Buffett's company unloaded a number of the smaller investments in its portfolio in the third quarter including GM, Mondelez, Johnson & Johnson, UPS and Procter & Gamble

By Jonathan Stempel

Integrated Portfolio Solutions, a 14-year-old investment administration platform used by financial advisers and high-net-worth investors, is ready for a new owner.

The primary risk of icing is expected during Wednesday night and Thursday morning in upstate New York and certain parts of New England before temperatures rise above freezing in the afternoon on Thursday. For most areas spanning from upstate New York through New England, ice accumulation is forecasted to be less than 0.10 inches. Nonetheless, there is a possibility that some areas, particularly in the higher elevations of the Adirondacks in New York, the Green Mountains in Vermont, and the Berkshires in western Massachusetts, may experience more than 0.10 inches of ice. Snowfall is expected to range from 3 to 5 inches in the northern parts of New York state, extending into Vermont, New Hampshire, and Maine. In some instances, there may be locally higher accumulations of 5-8 inches on the highest peaks.

In this video, we will reveal the secret sauce, th... moreIn this video, we will reveal the secret sauce, the secret mantra to be a value investor like Buffet himself.