Buffett says Berkshire makes more sense as a conglomerate

OMAHA, Neb. — Investor Warren Buffett says he doesn't think it will ever make sense to break apart the Berkshire Hathaway conglomerate he built over the past 50 years.

Buffett says he thinks if it is run well, Berkshire's collection of businesses will always be worth more together than it will apart.

Berkshire owns more than 80 businesses, including insurance, utilities, railroad, manufacturing and retail businesses. Some of Berkshire's businesses that don't need much investment provide capital to other subsidiaries.

At Brooks Running, CEO Jim Weber says being part of Berkshire Hathaway has been an asset because it allows him to focus on improving his brand long term.

Weber says he initially underestimated the benefits of being part of Berkshire.

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