FYI: When Warren Buffett took control of Berkshire Hathaway Inc. in the mid-1960s, it was a struggling textile manufacturer. After trying for years to revive its fortunes, he shuttered the mills and turned his focus to other industries.
Today, Berkshire is one of the most-valuable companies in the world because of those efforts. It has interests in insurance, utilities, transportation, retail and -- increasingly -- manufacturing
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-04-27/buffett-heads-back-to-factory-floor-with-35-billion-in-deals
