Dairy Queen at 85: The Soft-Serve Empire Berkshire Barely Mentions cover

Dairy Queen at 85: The Soft-Serve Empire Berkshire Barely Mentions

Published in Subsidiaries / Service-Retailing
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Dairy Queen turns 85 this year with 7,800 restaurants across 27 countries, a $6.4 billion system generating nearly $100 million in annual profit for Berkshire — yet it barely rates a paragraph in the annual report. From a 1940 soft-serve stand in Joliet, Illinois to a $10 billion growth target by 2030, this is the story of Berkshire's most delicious invisible subsidiary.



Berkshire's $1.8B Tokio Marine Bet: Insurance, Japan, and the Fog of War cover

Berkshire's $1.8B Tokio Marine Bet: Insurance, Japan, and the Fog of War

Published in Investments
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Berkshire Hathaway's National Indemnity acquired a 2.49% stake in Tokio Marine Holdings for $1.8 billion, launching a 10-year reinsurance partnership with Japan's oldest insurer. The deal deepens Berkshire's Japan strategy, generates float through a quota-share agreement, and lands squarely in the middle of a marine insurance crisis triggered by the Iran conflict.