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> he has amassed a collection of over 65 wholly owned companies Just a side note, the above likely referenced this Wikipedia page[1], but it misses that MiTek,
by louprado 10y ago
> he has amassed a collection of over 65 wholly owned companies
Just a side note, the above likely referenced this Wikipedia page[1], but it misses that MiTek, which is listed on that page, represents holdings of another 20 companies that aren't on that page. I didn't research if other BRK company are also holding companies.
I currently consult for two companies, a PaaS company and a CRM/SaaS company. Both were recently purchased by MiTek and focus on the Builder Industry. They both continue to operate independently as do the other companies held by MiTek. This follows the traditional BRK business approach to keep the existing management and corporate culture in place of the acquired company.
Prior to that acquisition I thought the BRK team was not tech savvy. I can tell you first hand (at least when it comes to the MiTek team) that is not the case.
[1]https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berksh...
- valuearb 10y agoThe MiTek people may be tech savvy, almost certainly Buffetts sign off for their purchases is cursory, if they think it benefits their business and purchase price was reasonable. Berkshire recently bought Apple stock but I believe that was done by two young investment managers he lets manage smaller parts of the Berkshire portfolio. Buffett is clearly more tech savvy than he lets on, but his objection to tech investments is he doesn't think he can identify durable competitive advantages there. It's certainly harder.