INSUBCONTINENT EXCLUSIVE:
That could leave a few scars on the conglomerate that gives the billionaire investor his ammo and has been pumping out more than $20 billion
including insurance, energy and retail
That diversity helped the company weather the credit crisis in 2008, allowing its iconic leader to invest vast sums into other struggling
companies.
Buffett has stayed relatively quiet amid the turmoil this time around as the pandemic underscores just how tied his businesses
its retail workers in early April, and is now testing whether it can reopen some shops
Shoe seller Justin Brands shut outlets throughout Missouri
American Railroads and Bloomberg Intelligence.
Industrial operations took a hit, too
Precision Castparts, acquired in 2016, manufactures components for the aerospace and power generation industries
The company said earlier in April that it would temporarily halt operations at a plant in Portland, Oregon, as customers reduced orders.
To
The company reported a $128 billion cash pile at the end of last year, as well as a stock portfolio valued at more than $248 billion.
Some
of its biggest revenue generators remain on solid footing
Auto insurer Geico said that shelter-in-place policies across the U.S
have reduced miles driven, which can translate into fewer accidents
And sprawling operations including the energy companies and heavy manufacturers are on the job.
At chemical maker Lubrizol, the pandemic has
forced a pivot familiar to countless businesses
CEO Eric Schnur said social distancing and work-from-home measures are now common at a company that began dealing with the effects of
coronavirus months ago at operations in Asia, and is accustomed to rigid safety standards because of the dangerous chemicals that are part
autonomy in good times and bad
That type of model allows executives with the deepest knowledge of a business to be the ones who implement strategies, according to
for the manufacture of medical devices
During the recent bull market, Berkshire underperformed the S-P 500 Index as Buffett struggled to find large companies to buy
Now, valuations have plummeted, creating an opening not seen in more than a decade.
Munger said that he and Buffett are being careful
Even in a quarter quiet on the front for major acquisitions, the results could indicate whether Buffett and his investment managers, Todd
financial crisis came from the lucrative preferred-stock and warrant deals he made with companies including Goldman Sachs Group Inc
annual meeting in May, an event that normally draws thousands of visitors to his hometown of Omaha, Nebraska
https://economictimes.indiatimes.com/markets/stocks/news/warren-buffetts-fortress-is-breached-by-coronavirus-related-shutdowns/articleshow/7