Wesco Financial

www.wescofinancial.com
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Charlie Munger
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Website www.wescofinancial.com
Headquarters Pasadena, CA
Size 1000 to 5000 Employees
Founded 1959
Type Subsidiary or Business Segment
Industry Finance
Revenue $100 to $500 million (USD) per year

Wesco Financial is sort of like Berkshire Hathaway Lite. Charlie Munger, Berkshire vice chairman and a confidante of Warren Buffett, leads Wesco. And like Berkshire, the investment firm provides insurance and reinsurance; in Wesco's case, it does so through subsidiaries Wesco-Financial Insurance Company and Kansas Bankers Surety. It also holds shares in some of the same companies as Berkshire, like Coca-Cola, Kraft, Procter & Gamble, and Wells Fargo. Other prominent holdings include CORT Business Services and Precision Steel Warehouse, which has steel service centers in... More

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