Getty Images / Bill Pugliano Warren Buffett shared an unfortunate anecdote in his annual shareholder letter. One of Berkshire Hathaway's businesses, Lubrizol, suffered a fire last year. Luckily for Lubrizol, insurance will cover a lot of its losses. Unluckily for Buffett, Berkshire owns one of the key insurers that will pay out to Lubrizol. "The Bible instructs us to 'Let not the left hand know what the right hand doeth,' Buffett wrote.
Similar Stories to Warren Buffett's Berkshire Hathaway Was Burned By A Fire Last Year — And It Owns The Insurer Paying Out For The Losses on Bing News
tmohamed@businessinsider.com (Theron Mohamed), Business Insider
Sun, 02/23/2020 - 3:00am
Topics: next berkshire hathaway getty images bill pugliano unluckily the bible visit business insider french september business insidernow watch facebook netflix matthew dent stanley warren buffett's berkshire hathaway buffett warren buffett lubrizol luckily buffett's berkshire hathaway owns insurer losses fire last year unfortunate stocks anecdote shareholder businesses shared annual letter breaks stock suffered billion investor hand
BING NEWS:
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Buffett’s Berkshire Hathaway ( BRK.B) conglomerate says it registered a compound annual return of 19.8% from its 1965 inception to 2023. Such a performance is simply astounding. It’s almost double the ...
05/3/2024 - 11:33 am | View Link - Top 10 Warren Buffett Stocks Of May 2024
Buffett is the CEO of Berkshire Hathaway (BRK.B), a holding company that owns a highly ... had a 57% five-year return, and a 180% 10-year return. While you may want to emulate Buffett’s success ...
04/30/2024 - 11:30 pm | View Link - Warren Buffett's real-estate firm will spend $250M to get out of legal hot water
Copy Link A real-estate brokerage owned by Warren Buffett's Berkshire Hathaway has agreed to pay ... home sellers who have been saddled with paying billions in unnecessary commission costs ...
04/26/2024 - 4:43 am | View Link - Why Warren Buffett Has 68% of Berkshire Hathaway's $361 Billion Portfolio Invested in Only 4 Stocks
Buffett's "big four" are Apple ... It's important to note that Berkshire Hathaway owns over 40 stocks in addition to Apple, Bank of America, American Express, and Coca-Cola.
04/20/2024 - 6:49 pm | View Link - 68% of Warren Buffett's $372 Billion Portfolio Is Invested in Just 4 Stocks
Wall Street is a bona fide long-term wealth creator, and few money managers know this better than Berkshire Hathaway (NYSE ... that his company outright owns insurer GEICO and railroad BNSF ...
04/18/2024 - 6:07 pm | View Link - More
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