When Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) make an investment, the world pays attention. Buffett has a long track record of outperforming the market. Since he took over as chief executive officer of the textile company in 1965, Berkshire Hathaway shareholders have seen the value of their stock increase at an annualized rate of 19.8%, double that of the S&P 500.
Billionaire investor Charlie Munger, who died Tuesday morning at 99 years old, was affectionately called the “abominable no-man by close friend and confidant Warren Buffett. That nickname was apt in more ways than one.
Oregon's utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider's request by as long as nine months. In October, the Berkshire Hathaway Energy subsidiary asked regulators in five of the six states it serves to limit damages tied to future utility-caused wildfires. That request came four months after an Oregon jury found PacifiCorp must pay at least $87 million in compensatory and punitive damages for four wildfires that damaged more than 2,400 properties over Labor Day in 2020.