Berkshire Hathaway

Warren Buffett is the Chairman of Berkshire Hathaway, a company he took over during the 1960s, when it was a troubled, northeast American textile company. Over the years, he transformed the company by using its cash flows to purchase other attractive investments. In the 1970s, Buffett merged Berkshire with Charlie Munger’s investment holding company, Blue Chip Stamps, to form what today is one of the world’s largest holding companies. Each year, as Chairman of the Board (and its largest shareholder), Buffett writes a letter to his fellow shareholders