Diversity in One Stock
If you’re looking to build a solid foundation for your portfolio, consider shares of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), the conglomerate led by legendary investor Warren Buffett.
Berkshire’s core business is insurance, which it provides through its wholly owned GEICO subsidiary and some huge reinsurance operations. In addition, Berkshire owns dozens of other businesses, including familiar names such as Benjamin Moore, Duracell, Fruit of the Loom, Pampered Chef, Dairy Queen, Forest River, Business Wire, Justin Brands, BNSF Railway and many others.
Berkshire operates in a wide variety of businesses, such as energy, jewelry, furniture, auto dealerships, real estate brokerages and private jets. With many billions of dollars in cash, Buffett is always looking for new and lucrative acquisitions.
In addition to its subsidiaries, Berkshire also owns a massive stock portfolio worth more than $200 billion. It contains over 40 different stock positions, including Apple, Bank of America, Wells Fargo, Coca-Cola and American Express.
In short, Berkshire offers a diverse investment portfolio, much of it hand-selected by the greatest investor of all time — all in a single stock. The company is also focused on rewarding shareholders through growth. (The Motley Fool owns shares of and has recommended Berkshire Hathaway.)