BillionaireWarren Buffettsaid on Saturday that hewants to resignAs Managing Director of Berkshire Hathaway at the end of the year. The revelationcame like a surpriseBecause the 94 -year -old had previously said that he had not planned to retire.
Buffett, one of theThe richest people in the worldAnd most of the investors accomplished took control of Berkshire Hathaway in 1965 when he was a textile manufacturer. He transformed the company into a conglomerate by finding other companies and actions to buy that sold less than they were worth.
His success made him a Wall Street icon. This also earned him the nickname “Oracle of Omaha”, a reference to the city of Nebraska where Buffett was born and chose to live and work.
Here are some of his best and worse investments over the years:
The best of buffett
– National and national compensation Fire & Marine: bought in 1967, the company was one of the first Buffett insurance investments. Floor of insurance – Prime money insurers can invest between the moment when the policies are purchased and when complaints are made – provided that the capital of many of Berkshire's investments over the years and helped fuel the growth of the company. Berkshire's insurance division has grown up to include Geico, general reinsurance and several other insurers. The float totaled $ 173 billion at the end of the first quarter.
– Buy stock blocks in American Express,Coca-Cola Co.And Bank of America at times when companies were in disgrace due to scandals or market conditions. Collectively, the shares are worth more than $ 100 billion more than Buffett has paid them, and that does not have all the dividends it has collected over the years.
– Apple: Buffett Long said that he did not understand the technological companies well enough to appreciate them and choose the winners in the long term, but he started to buyApple playgroundsIn 2016. He later explained that he bought more than $ 31 billion because he included the iPhone manufacturer as a consumer product company with extremely loyal customers. The value of its investment increased to more than $ 174 billion before Buffett begins to sell stocks by Berkshire Hathaway.
– byd: On the advice of his late investment partner Charlie Munger, Buffett bet Grand on the engineering of the founder of byd Wang Chantfu in 2008 with an investment of $ 232 million in theChinese electric vehiclemanufacturer. The value of this participation has climbed more than $ 9 billion before Buffett started to sell it. The remaining participation of Berkshire is still worth around 1.8 billion dollars.
– See Candy: Buffett repeatedly stressed its 1972 purchase as a turning point in his career. Buffett said Munger persuaded him that it was logical to buy large companies at good prices as long as they had lasting competitive advantages. Previously, Buffett had mainly invested in companies of all quality as long as they sold less than he thought. Berkshire paid $ 25 million for Feing's profits and recorded $ 1.65 billion from the candy company until 2011. The amount continued to grow, but Buffett did not highlight it.
– Berkshire Hathaway Energy: public services offer a large and regular profits for Berkshire. The conglomerate paid $ 2.1 billion, or about $ 35.05 per share, for Midamerican Energy, based in monks, in 2000. The unit of public services was then renowned and made several acquisitions, including Pacificorp and NV Energy. Public services added more than $ 3.7 billion for the benefit of Berkshire in 2024, although Buffett said they were now worth less than before the responsibility they facedLinked to forest fires.
Buffett is the worst
– Berkshire Hathaway: Buffett had declared that his investment in the Berkshire Hathaway Textile Mills was probably his worst investment. The textile company he took care of in 1965 bled money for many years before Buffett finally closed it in 1985, although Berkshire provided money for some of the first buffett acquisitions. Of course, the actions of Berkshire Buffett began to buy for $ 7 and $ 8 per share in 1962 are now worth $ 809,350 per share, so even the worst investment in Buffett has proven OK.
– Dexter Shoe Co.: Buffett said he had a horrible mistake by buying Dexter in 1993 for $ 433 million, an error was even worse because he used Berkshire's stock for the agreement. Buffett says that it essentially gave 1.6% of the Berkshire for an undue life.
– missed opportunities. Buffett said some of his worst mistakes over the years were investments and agreements he had not made. Berkshire could easily have made billions if Buffett had been comfortable investing in Amazon, Google or Microsoft from the start. But it was not only technological companies that he missed. Buffett told shareholders that he had been surprised “sucking his thumb” when he had not followed a plan to buy 100 million Walmart shares which are worth nearly $ 10 billion today.
– Sell banks too early. Shortly before the cocovated pandemic, Buffett seemed to turn on most of his banking actions. Repeated scandals involving Wells Fargo have given him a reason to start unloading his 500 million shares, many of which are about $ 30 per share. But he also sold his JP Morgan participation in prices less than $ 100. The two actions have more than doubled since then.
– Blue Chip Stamps: Buffett and Munger, the former vice-president of Berkshire, took control of Blue Chip in 1970 when the customer award program generated $ 126 million in sales. But while commercial stamps fell into disgrace with retailers and consumers, sales have regularly decreased; In 2006, they totaled $ 25,920. However, Buffett and Munger used the float generated by Blue Chip to acquire Candy de See, Wesco Financial and Precision Castparts, which all contribute to Berkshire.
This story was initially presented on Fortune.com
