Business mix
- Insurance: GEICO, reinsurance, and insurance float are long-term capital sources.
- BNSF, Berkshire Hathaway Energy, and many industrial, service, and retail subsidiaries provide operating earnings.
- Public equities include long-held positions such as Apple, American Express, Coca-Cola, and Bank of America.
Current key questions
- How do cash balances, buybacks, and large acquisition opportunities shape future compounding?
- How do underwriting profit, BNSF, energy, operating subsidiaries, and public equities differ across cycles?
- How durable are capital allocation and governance after Buffett?