Could Buying Berkshire Hathaway Today Set You Up for Life?
Shares of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have gotten caught up in the market sell-off. That's not at all shocking, but the really important fact is that Berkshire Hathaway's decline from its 52-week high is about half of the fall the S&P 500 index (SNPINDEX: ^GSPC) has experienced. There's a reason for the better showing, and it all stems from Warren Buffett and his investment team. Here's why buying Berkshire Hathaway could set you up for life, but only if you buy it for the right reason.Berkshire Hathaway has a large insurance business, so it is usually classified as a financial stock. However, it is really a highly diversified conglomerate. There are 189 companies under the Berkshire Hathaway umbrella, and they span from insurance to chemicals, with a massive amount in between. The company's business description in its annual report runs a huge 23 pages. Most companies only need a paragraph or two to describe their businesses.Image source: Getty Images.Continue reading
Shares of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have gotten caught up in the market sell-off. That's not at all shocking, but the really important fact is that Berkshire Hathaway's decline from its 52-week high is about half of the fall the S&P 500 index (SNPINDEX: ^GSPC) has experienced. There's a reason for the better showing, and it all stems from Warren Buffett and his investment team. Here's why buying Berkshire Hathaway could set you up for life, but only if you buy it for the right reason.
Berkshire Hathaway has a large insurance business, so it is usually classified as a financial stock. However, it is really a highly diversified conglomerate. There are 189 companies under the Berkshire Hathaway umbrella, and they span from insurance to chemicals, with a massive amount in between. The company's business description in its annual report runs a huge 23 pages. Most companies only need a paragraph or two to describe their businesses.
Image source: Getty Images.
