Berkshire Hathaway owns other furniture store companies too, Jordan's Furniture in the New England states with 7 locations, and Star Furniture in Texas with 10 locations. It looks like they are opening a new NFM in Austin Texas in 2026, which is weird because they already have a Star Furniture like 12 miles from the center of Austin.

I think they've taken See's Candy's attempts at expanding to heart, and are cautious about enlarging their businesses just to be bigger. If you own only a candy store company, and have extra money from it, you might build another candy store, and that sounds reasonable. If you're Berkshire, you can build some new powerlines instead. I think Berkshire's businesses only have the backing of Berkshire's capital when a suggested activity is likely to return more than other available opportunities.

Berkshire Hathaway FAQ

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