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...But equally important are the public investments — stakes in companies such as Apple and Bank of America — that make Berkshire more akin to a mutual fund than a regular business....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Berkshire’s collection of businesses runs from railways, through utilities to manufacturers of industrial lubricants and machine tools, and, at the heart of the company, insurance....
...Investment strategy: A value investor and a disciple of Ben Graham, Mr Watsa invests via his insurance company Fairfax Financial Holdings....
...“float” produced by the disciplined underwriting of his insurance companies and the surplus cash flow generated by his portfolio of unquoted companies, which now make up 80 per cent of Berkshire Hathaway...
...and Fukoku Mutual Life Insurance are among the companies shortlisted to buy a minority stake in Indonesia’s Panin Life for about $200 million, sources said. http://reut.rs/UqGs3l China snubs Norway in...
...The conglomerate is unique among public companies for the breadth of its operations, with 10 insurance companies, and another 69 commercial businesses, selling everything from milkshakes and newspapers to...
...‘AA+’ from ‘AAA’ its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups: Knights of Columbus, New York Life, Northwestern Mutual, Teachers...
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...In 2004, Fortune named him a member of its eight-person ‘Mutual Fund Dream Team’....
...about 20 per cent of his $170m hedge and mutual funds in Berkshire....
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