Berkshire Hathaway Essay

prerogative to disagree. Our report speaks for itself." Another prerogative of an audit client is to change auditors. In 1985, Berkshire retained Touche Ross & Company to audit its financial statements. As required by the Securities and Exchange Commission, Berkshire filed an 8-K statement with that federal agency to disclose the change in auditors. In that statement, Berkshire reported it was "dissatisfied" with Peat Marwick's inconsistency regarding the proper accounting treatment for stock redemptions

Introduction Warren E. Buffett, the chairperson of Berkshire Hathaway (BH), is the world’s greatest investor of the current era. From 1965 to 2007, BH has compounded annual gain of 20.3% while S&P has 9.3% (Berkshire Hathaway Inc., 2009). Most investors get normal returns and believe the market is in semi strong form. However Buffett believes the market is inefficient and acts on his own investment philosophy. This report will analysis BH’s acquisition of PacifiCorp, evaluate Buffett’s performance

Berkshire Hathaway is an American multinational conglomerate holding company that oversees and manages various subsidiary companies (Berkshire Hathaway, 2011). The current members of the Board of Directors are Warren Buffett, Charlie Munger, Walter Scott Jr., Thomas Murphy, Howard Graham Buffett, Ronald Olson, Donald Keough, Charlotte Guyman, David Gottesman, Bill Gates, Stephen Burke, and Susan Decker (Berkshire Hathaway Inc., 2011). The primary job of the Board of Directors is to see that the

Berkshire Hathaway Overview Before Warren Edward Buffett, Berkshire Hathaway was a textile company. Buffet acquired stocks and before long he was the largest shareholder (1963). He became part of the board and appointed the chairman so he would have someone he trusted running the company.  With the funds from Berkshire Hathaway coming in, Buffett used it to invest in National Indemnity. The company was bought but he left it the way it was: left previous Ringwalt in charge, kept current employees

Berkshire Hathaway has a variety of products/ financial services that range from insurance company to real estate companies. A bulk of Berkshire Hathaway’s business comes from the insurance industry. Geico, a subsidiary to Berkshire Hathaway, is one of the biggest American auto insurance company. On August 1995, the company spent $2.3 billion for $70 per share to purchase Geico. Geico was orginally founded in in 1936 by Leo Goodwin Sr. and his wife Lillian Goodwin. Berkshire Hathaway also owns Dairy

Berkshire Hathaway, Inc was a small textile company. Its chairman and CEO of the company is Warren Buffett, the world's third richest man. He invested his partnership in invests in Berkshire Hathaway at the price of $8.6 million (The Essential Buffett, p27). It took him over 35years to grow its book value from $19 per share to $37,987 per share with a rate of 24 percent compounded annually (The Essential Buffett, p44). Buffett started purchasing other businesses, which were primarily insurance

Berkshire Hathaway From Wikipedia, the free encyclopedia Jump to: navigation, search Berkshire Hathaway Inc. Type Public (NYSE: BRKA, NYSE: BRKB) Founded 1839 (as Valley Falls Company) Founder Warren Buffett Headquarters Omaha, Nebraska Area served USA Key people Warren E. Buffett (Chairman) & (CEO) Charles T. Munger (Vice Chairman) Industry Property and casualty insurance, Diversified investments Products Conglomerate focused on insurance Market cap US$ 196

1. Introduction Berkshire Hathaway Inc. is an American multinational conglomerate holding company widely known for its control and leadership by Warren Buffet. The company owns subsidiaries involved in various business activities. Their most important business is insurance which is conducted on both a primary and reinsurance basis. Type Public Founded 1839; 178 years ago Founder Oliver Chace Headquarters Omaha, Nebraska, USA Key Person Warren Buffet (Chairman, President and CEO) Products Diversified

Berkshire Hathaway is a holding company worth $358.2 billion. Berkshire Hathaway Energy, Burlington Northern Santa Fe, LLC (BNSF), McLane Company, Service and retailing and financial products are some of the segments the company insures. They provide businesses with insurance and protection of property and casualty risk. This paper will analyze the company’s annual report, usefulness of the information presented in the annual report and additional information that should be added to the report.

1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.17-billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? The significant change in stock prices for Berkshire Hathaway and Scottish Power plc is partially due to the wide variety of products produced under these names. The approval of these investments and products