Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B)0 is a conglomerate holding company owning subsidiaries engaged in a number of business activities. Shares benefited from optimism that a combination of higher interest rates, lower taxes and increased domestic activity would increase earnings at Berkshire’s insurance and industrial businesses. We believe Berkshire will compound wealth for its shareholders for the foreseeable future.
From Weitz Value Fund first quarter 2017 commentary.
