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Berkshire Hathaway's Beating the Market, But Its Biggest Holdings Aren't. What Gives?

The Motley Fool

It's an often-forgotten detail about Berkshire Hathaway, but it's not a mutual fund. It's a conglomerate that just so happens to use much of its idle cash to hold stocks of publicly traded companies. A category of organizations called business development companies (or BDCs) can do the job too.