For decades, Berkshire Hathaway NYSEBRK.B Chairman and CEO Warren Buffett adopted a conservative investment approach, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as energy and tech. Indeed, big American banks have been Warren Buffett's favorite investment for decades as he considers them a vital part of the American infrastructure, a nation he continually bets on.
paying $4 billion in cash for the assets, and assuming $5.7 billion in debt. Berkshire Hathaway Energy acquired 100% of Dominion Energy Transmission, Carolina Gas Transmission and Questar Pipeline as well as 50% of Iroquois Gas Transmission System. Berkshire also landed 25% of Cove Point LNG, one of just six export-import and storage facilities for liquefied natural gas in the U.S.