The Resonance of Berkshire Hathaway
The article reflects on the author's personal connection to Berkshire Hathaway as a symbol of middle age and stability in a chaotic financial world. It highlights the company's uniquely minimalist website and shareholder culture, contrasting it with modern financial trends like meme stocks and AI-driven content. The piece concludes by considering Berkshire's future under new leadership and its reputation for staying true to long-held principles.
- ▪Berkshire Hathaway's website has remained largely unchanged since the 1990s and links directly to SEC filings and annual reports.
- ▪The company is valued at one trillion dollars, with Warren Buffett and Charlie Munger having shaped its legacy over decades.
- ▪Greg Abel has taken over as CEO, marking a new era following Buffett's and Munger's departure.
- ▪Berkshire is often criticized for missing out on tech growth, such as its historical avoidance of Bitcoin.
- ▪Tens of thousands attend the annual shareholder meeting in Omaha, Nebraska, a tradition continuing despite leadership changes.
Opening excerpt (first ~120 words) tap to expand
I don’t remember when it started, but sometime in the 2010s, I started losing my hair. It accelerated during Covid and then came the occasional clothes purchase at Costco. Time went by and I had a kid, and Birkenstocks spoke to me. This is who I am now.Today, I’m 35 and staring squarely into middle age, and nowhere is this more evident than in one small detail: I’m a shareholder of Berkshire Hathaway.You probably know the company. Once a middling textile manufacturer in Massachusetts, it’s morphed into a holding company over the last 60 years. Its investment track record made once-CEO Warren Buffett the richest man in the world.As of this writing, the company is valued at one trillion dollars if you believe the stock market.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at John Tinkelenberg.
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