​​#interesting THE SEVEN INDUSTRIES THAT MADE WARREN BUFFE | Warren Buffett SAYS

​​#interesting
THE SEVEN INDUSTRIES THAT MADE WARREN BUFFETT PROFITABLE

Warren Buffett's Berkshire Hathaway was hit hard by the pandemic last year, but its business recovered nicely last quarter as the U.S. economy rebounded.

The conglomerate of investors owns a vast collection of railroads, real estate brokerages, manufacturers, retailers, distributors and service companies. Its focus on the real economy has made the company more vulnerable to Covid-related lockdowns, travel restrictions and supply chain disruptions in the past year while companies like Microsoft $MSFT or Alphabet $GOOG have benefited.

However, many of its businesses performed better in the second quarter, benefiting from growing demand for homes, furniture, building products, cars, private jets, electronic components and other goods and services.

Here are the 7 industries that brought Berkshire the biggest profits in the second quarter:

Railroads (revenue up 26%, pretax profit up 33%): Burlington Northern Santa Fe is one of the largest railroad networks in North America

Real Estate Brokers (Revenue: + 48%, pre-tax profit: + 129%): Berkshire operates Berkshire Hathaway Home Services, the nation's largest residential real estate brokerage firm, as well as one of the largest franchise networks of residential real estate brokers in the country.

Retail Manufacturing (revenue: + 68%, pre-tax profit: + 197%): Berkshire owns Forest River (motor homes), Duracell (batteries), Brooks Sports (sportswear and shoes) and Fruit of the Loom (clothing).

Building Materials Manufacturing (revenue: + 29%, pretax profit: + 40%): Berkshire owns Clayton Homes (manufactured homes), Shaw (flooring), Johns Manville (insulation and roofing), Acme Building Brands (bricks), Benjamin Moore (paint) and MiTek (construction and engineering).

Industry (revenue: + 24%, pre-tax profit: + 80%): Berkshire's industrial businesses include Lubrizol (specialty chemicals), Marmon (industrial holding group), IMC (metalworking) and Precision Castparts (aerospace components).

Services (revenue: + 49%, pre-tax profit: + 180%): Berkshire owns NetJets (private jet ownership), FlightSafety (pilot training), TTI (electronic component distribution), Dairy Queen (fast food) and Business Wire (press releases).

Retail (revenue: + 48%, pretax profit: + 210%): This includes Berkshire Hathaway Automotive (car dealerships), See's Candies (confectionery), Nebraska Furniture Mart (furnishings), Borsheims (jewelry), Pampered Chef (kitchen appliances).