Warren Buffett bought this company in 1988 when ‘no one’ wanted it — now it pays Berkshire $848 million a year Read more: thestreet.com
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Warren Buffett bought this company in 1988 when ‘no one’ wanted it — now it pays Berkshire $848 million a year
Read more: thestreet.com
Warren Buffett bought this company in 1988 when ‘no one' wanted it - now it pays Berkshire $848 million a year
READ MORE: Warren Buffett bought this company in 1988 when ‘no one' wanted it - now it pays Berkshire $848 million a...
Warren Buffett bought this company in 1988 when ‘no one' wanted it - now it pays Berkshire $848 million a year
READ MORE: Warren Buffett bought this company in 1988 when ‘no one' wanted it - now it pays Berkshire $848 million a...
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Warren Buffett bought this company in 1988 when ‘no one' wanted it - now it pays Berkshire $848 million a...
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Key FactsBerkshire reveals $6.72 billion Chubb stake
May 16, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Berkshire Hathaway revealed a $6.72 billion stake in Chubb, leading to an increase in the insurer's shares.
- Chubb is an attractive equity investment for Berkshire as it operates in a sector that Berkshire is familiar with: property-casualty insurance.
- Berkshire began buying Chubb in the last year's third quarter and had SEC permission to keep its purchases confidential temporarily.
- Buffett has been running Berkshire since 1965, and the conglomerate owns dozens of businesses, including the Geico car insurer, BNSF railroad, and consumer brands like Benjamin Moore and Dairy Queen.
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