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Sure, the point is what is their core business. E.g. Sony core business is electronics, despite having financial, entertainment, and other branches. Same thing
by faragon 9y ago
Sure, the point is what is their core business. E.g. Sony core business is electronics, despite having financial, entertainment, and other branches. Same thing for SoftBank: yes, it is a holding, but its main business is telecommunications.
- tptacek 9y agoBerkshire's core business is insurance.
- genericpseudo 9y agoSpecifically the two ends of the market; direct-to-consumer insurance (GEICO) and insuring things no-one else can, particularly reinsurance and muni debt (Berkshire Hathaway Assurance, Gen Re). If you're good at writing insurance it's essentially a great way of getting interest-free loans which they then spin into a huge pile of low-risk, cash-generating businesses (e.g. Duracell, Fruit of the Loom, See's Candies, to pick three Berkshire brands...).