9/05/2008

Warren Buffett companies

In 2002, Berkshire Hathaway disclosed that it had substantial minority shareholdings in the following listed corporations:

The Coca Cola Company (see case study)
American Express
The Gillette Company
H and R Block Inc
M and T Bank
Moody’s Corporation
The Washington Post Company
Wells Fargo and Company
With the exception perhaps of M & T Bank, these are all not only brand name companies but also businesses that are relatively easy to understand. Some examples:

The Coca Cola Company is the world’s largest beverage company, making and distributing worldwide such products as Coke, Fanta, Sprite, Evian and Minute Maid. It has been in business many, many years and is perhaps the world’s most recognised name.
American Express is a world-recognised name and makes its money through the sale of traveller’s checks and its brand name credit card. It has been in business a very long time and has a simple business model that even the most unsophisticated investor should be able to understand.
H & R Block is a worldwide firm that makes its money preparing tax returns for people either unable or unwilling to do it themselves.

Value Investment

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