Class B common stock of Berkshire Hathaway, a multinational conglomerate holding company led by Warren Buffett, offering lower price per share than Class A with proportional voting rights.
Description: Berkshire Hathaway Inc. is a diversified holding company headquartered in Omaha, Nebraska. Originally a textile manufacturing firm, it was transformed by Warren Buffett into a conglomerate owning subsidiaries in insurance (GEICO, General Re), railroads (BNSF), utilities and energy (Berkshire Hathaway Energy), manufacturing, retail, and services. The Class B shares (BRK.B) were created in 1996 to provide a more affordable investment vehicle for smaller investors, with each Class B share having 1/1,500th the voting rights of a Class A share. The company is known for its long-term value investing philosophy, massive cash reserves, and significant equity portfolio including Apple, Bank of America, and Coca-Cola. BRK.B is listed on the New York Stock Exchange and is a component of the S&P 500.
