Buffett’s Grandson Seeks Own Investment Route: Social Change – The New York Times

Warren Buffett’s grandson

has co-founded a permanently capitalized operating company with big ambitions – essentially mimicking the structure of Berkshire Hathaway, the $328 billion conglomerate that owns everything from railways to candy makers.

Although his grandfather has traditionally acquired stalwart companies with timeless appeal, Mr. Buffett is taking a decidedly more forward-looking approach. The plan is for the new company, called i(x) Investments, to invest in early-stage and undervalued companies that are working on issues such as clean energy, sustainable agriculture and water scarcity.

via Buffett’s Grandson Seeks Own Investment Route: Social Change – The New York Times.

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