Berkshire Hathaway Is Really a Financial Powerhouse in Disguise. Here's What That Means for Investors.
Berkshire Hathaway is an industrial conglomerate, but it is built atop an insurance business.
Overview
When you step back and look at the big picture, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) is an industrial conglomerate. It has investments in hundreds of companies, including those it owns outright and public companies in which it holds stock, like Coca-Cola (NYSE: KO) and American Express (NYSE: AXP). In fact, many on Wall Street watch the company's investment decisions to glean ideas.
But when you dig into Berkshire Hathaway's story, you'll find that it is a financial stock. And that's because the company is built on top of its insurance operations. Here's why that's so important.
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Originally published at www.fool.com.