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> "Siemens is an investment bank that happens to own

All conglomerates are like this, the clearest example is Berkshire Hathaway.




Exactly. Why not break up Berkshire?


I vaguely think people have written how having the insurance business attached to the others is a useful/complementary structure, compared to a regular mutual fund or something.

Maybe you could ask from the opposite perspective, why aren't all mutual funds organized like BRK?


Berkshire is for all intents broken up, everything operates independently.




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