{"id":440276,"date":"2026-09-18T19:24:09","date_gmt":"2026-09-18T19:24:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/440276\/"},"modified":"2026-09-18T19:24:09","modified_gmt":"2026-09-18T19:24:09","slug":"heres-a-look-at-warren-buffetts-texas-business-ties","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/440276\/","title":{"rendered":"Here&#8217;s a look at Warren Buffett&#8217;s Texas business ties"},"content":{"rendered":"<p>Under the leadership of legendary investor Warren Buffett, Berkshire Hathaway\u00a0<a href=\"https:\/\/www.dallasnews.com\/business\/economy\/2019\/02\/21\/here-s-what-warren-buffett-s-berkshire-hathaway-owns-in-texas\/\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">left footprints<\/a> all over Texas.<\/p>\n<p>The $1 trillion conglomerate announced Friday that Buffet is stepping down from his role as chairman after more than six decades and his son, Howard Buffett, will immediately replace him. Warren Buffett was named chairman emeritus.<\/p>\n<p>Although Buffett, 96, is known as the \u201cOracle of Omaha,\u201d he has also spent years investing in the Lone Star State, with companies from Justin Industries to NetJets.<\/p>\n<p>Through Berkshire Hathaway, Buffett has been investing in companies and stocks with strong ties to Texas for decades.\u00a0<\/p>\n<p>Among Berkshire Hathaway\u2019s other well-known purchases was the Nebraska Furniture Mart in 1983, which\u00a0has a beloved location in The Colony.<\/p>\n<p>Under Buffett, Berkshire Hathaway has also invested significantly in airline stocks with Texas ties such as Southwest Airlines Co., American Airlines Group Inc. and United Continental Holdings.\u00a0<\/p>\n<p>Buffett has a massive following that cherished his words of wisdom on investing and life\u2019s challenges alike.<\/p>\n<p>They looked forward to his annual letters and Berkshire Hathaway\u2019s crowded annual meetings in Omaha, Neb.<\/p>\n<p>\u201cBe fearful when others are greedy, and greedy when others are fearful,\u201d Buffett once said about buying stocks and companies that were priced at less than he thought they were worth.<\/p>\n<p>He also encouraged investors to focus on industries they\u2019re familiar with and spoke to Congress about caring deeply for his firm\u2019s reputation.<\/p>\n<p>&#8220;If they follow this test, they need not fear my other message to them: Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless,\u201d Buffett said while testifying before a Congressional committee in 1991 about cleaning up Wall Street investment firm Salomon Brothers.<\/p>\n<p>Buffett told inventors that crises unveil a businesses\u2019 competence and advised young people to surround themselves with people they look up to.<\/p>\n","protected":false},"excerpt":{"rendered":"Under the leadership of legendary investor Warren Buffett, Berkshire Hathaway\u00a0left footprints all over Texas. The $1 trillion conglomerate&hellip;\n","protected":false},"author":2,"featured_media":440277,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[27,29,28,89512],"class_list":["post-440276","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-texas","tag-texas-headlines","tag-texas-news","tag-tp-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/440276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=440276"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/440276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/440277"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=440276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=440276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=440276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}