Berkshire Hathaway has bought a new company called Alleghani Inc. However, taking the name of the company may seem a bit unfamiliar to many, the name of the company’s chief executive is easy to recognize. He is none other than Warren Buffett, the investment guru.
Another highlight of the investment was the decision to have dinner at a restaurant in New York. It is learned that on March 8, Warren Buffett made the decision while having a meal with Joseph Brandon, CEO of Alleghani Inc.
At dinner, Warren Buffett will pay 650 per share. In all, Buffett’s company has invested 11.7 billion, or 1.17 billion, in Aleghani. As a result, it has become one of the largest acquisitions in Berkshire in recent years. They have also invested in Occidental Petroleum Corporation.
As agreed in the discussion, the fees payable by the financial advisers will not be included in this investment.
Although Warren Buffett has a lot to say about investing, he doesn’t go for less that his full potential. In the last 15 years, he has donated more than 2.6 billion to various organizations. He also wants to donate all shares of Berkshire Hathaway. But so far half of that target has been met, he said.
He is one of the richest CEOs in the world. Despite this, he still lives in a house worth 32,000 in 1958. You can even drive five minutes from work to McDonald’s to save money just to save some money.
