Berkshire, My Favorite Stock

It isn’t often you get to have an opportunity to have the best investor in the world invest your money for you. But Berkshire Hathaway (BRK-A, BRK-B0 is just that opportunity.

For those of you who don’t know who Berkshire Hathaway is next time you’re watching a Geico commercial or you put on you Fruit of the Loom shirt you’re seeing Berkshire Hathaway. The company isn’t a traditional business, it’s a collection of businesses known as a holding company. Warren Buffet (second richest man in US) took control of the company over 40 years ago and began investing the cash the textile business was generating in other companies. Soon insurance became Berkshire’s biggest holding. This gave Buffet the opportunity to invest the insurance company’s float (money a company must have to cover claims). Buffet built the company into one of the fastest most consistent growth stocks o