Berkshire Hathaway Explained: the Companies Most People Don't Know It Owns
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Here’s the wildest one: Acme Brick. Yes, Berkshire owns a brick company. They make actual mud bricks. In an age of steel and glass, Buffett bought a brick company. He said, “I like bricks. They don’t change.” It’s a joke. But he also said it’s a good business. He’s probably right.
So next time you see a pile of bricks, smile. Thank Warren.
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We can’t forget Berkshire Hathaway Energy. That’s the utility arm. They own power lines in the Midwest and England. They also own PacifiCorp, which powers 2 million homes. It’s dull. It’s regulated. And it prints cash.
Buffett says he doesn’t understand cryptocurrencies. But he understands selling you power. For 50 years. At a small profit. He’ll take that.