Berkshire Hathaway Isn't the Only Publicly Traded Company That Buys Stocks. These 3 Tech Giants Also Have Stock Portfolios.

When billionaire Warren Buffett took over at Berkshire Hathaway decades ago, it was a dying textile business. It was profitable, but the profits were quickly deployed to fix and upgrade equipment, leaving little for shareholders at the end of the day.Recognizing the dire situation, Buffett made a hard decision: He let the textile business slowly die and invested in high-quality business with all of the profits that the textile business produced in the meantime.When possible, Buffett prefers to purchase a high-quality business outright. And Berkshire owns many well-known companies, such as GEICO, Clayton Homes, Fruit of the Loom, Dairy Queen, and more. But sometimes, it can't buy an entire company, and in that case, it invests in stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool