Famed investor Warren Buffett says Berkshire Hathaway (BRK-A, BRK-B), the sprawling investment conglomerate, differs from the typical conglomerates that have earned terrible reputations.
“Berkshire is often labeled a conglomerate, a negative term applied to holding companies that own a hodge-podge of unrelated businesses. And, yes, that describes Berkshire – but only in part,” Buffett wrote in his widely-read annual letter.
The 90-year-old investor pointed out that historically…
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