What Is Berkshire Hathaway And What Does It Do?
Wells Fargo, American Express, Walt Disney, Dairy Queen, Duracell — Buffett’s portfolio looks to some investors like a safe and generic mix, but it is rooted in a philosophy of extended-term achievement. He observes that the airplane industry suffered similarly. Though the technological innovation was even more impressive than the car or truck, the business as a entire could be stated to have failed most of its investors. By 1992, the collection of all airline companies developed in the US…