Warren Buffett’s letter is very upbeat with respect to Berkshire’s accomplishments in 2011. Despite the slow economic recovery, each of its five largest non-insurance companies (BNSF, Iscar, Lubrizol, Marmon Group, and Mid-American Energy) delivered...
During the fourth quarter of 2011, Berkshire Hathaway added $745 million to its stake in DirecTV (DTV). It purchased an additional 16.1 million shares of DTV. Its total position is now 20.35 million shares, which...
On September 24, 2008, Berkshire Hathaway (BRK.A), (BRK.B) and Goldman Sachs (GS) entered into an agreement in which Berkshire Hathaway purchased $5 billion of Goldman’s preferred shares paying a 10% dividend. Berkshire also received...
Department of Finance
Robert H. Smith School of Business
University of Maryland
