[simula67]

Berkshire Hathway is also a conglomerate, but it does perform fairly well.

[rTX5CMRXIfFG]

But it is a holdings company, and their business model is to make returns on equity (and possibly loaning out capital to their subsidiaries) instead of directly managing their subsidiaries' operations and generating revenue.

[SOVIETIC-BOSS88]

BH is extremely delegated. Bufett is not in the business of managimg Fruit of the Loom for example.

[Projectiboga]

Some sizable part of their total equity is in Apple.