𝙱𝚎𝚛𝚔𝚜𝚑𝚒𝚛𝚎 𝙷𝚊𝚝𝚑𝚊𝚠𝚊𝚢'𝚜 𝙻𝚊𝚝𝚎𝚜𝚝 $ 𝟷𝟷.𝟼 𝚋𝚗 𝙳𝚎𝚊𝚕 𝙱𝚊𝚛𝚎𝚕𝚢 𝙳𝚎𝚗𝚝𝚜 𝚃𝚑𝚎𝚒𝚛 𝙲𝚊𝚜𝚑 𝙿𝚒𝚕𝚎
This week iconic investor Warren Buffett announced that his company Berkshire Hathaway was acquiring an insurance company, Alleghany, for $11.6 billion.
That's a pretty big deal (worth more than the value of GameStop, American Airlines or Rolls-Royce for context), but for Berkshire's $146bn+ cash pile, it's something of a drop in the ocean.
Every year Warren Buffett has written a letter to shareholders of his conglomerate company Berkshire Hathaway. In 1995, already 30 years into running Berkshire, Buffett wrote that "in the early years, we needed only good ideas, but now we need good big ideas". That sentiment was true then, and it's only become more true.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
