35
What is it? The number of acquisitions made, or significant stakes in companies purchased, by Warren Buffett’s Berkshire Hathaway since 2001. On Tuesday, Berkshire bought 38.6% in Pilot Travel Centers, the largest US truck-stop operator, and will become its majority owner in six years.
Why is it important? This is the first significant investment/acquisition since August 2015 by Berkshire, which is set up as a holding company of businesses. For decades now, Buffett has made a name as the world’s most famous investor by betting on the US economy to come through. It’s a position he maintains, and the latest stake purchase reiterates that.
Tell me more: Pilot Travel, which owns the truck-stop chain Pilot Flying J, is the 15th-largest private company in the US, with annual sales of about $19.6 billion.
Source: Mint