the.com/conglomerate
a corporate octopus that owns your ketchup, your bank, and the movie you cried to
means A single large corporation made up of many smaller companies operating in unrelated industries; or, more broadly, a cluster of distinct things lumped together into one mass.
from From Latin 'conglomeratus,' the past participle of 'conglomerare' — to roll or wind together into a ball — built from 'con-' (together) and 'glomus,' a ball or clew of yarn. So at its root the word pictures stray threads balled up into one tangled mass; the same 'glomus' gives us 'glomerate' and is a cousin of 'globe.' Geologists borrowed it first, for rock made of pebbles cemented together, before the business world adopted it for companies cemented the same way.
- berkshire reach
- Buffett's firm owns insurance, railroads, candy, and underwear
- word origin
- means a rock made of fused mismatched pebbles
- 1960s craze
- firms bought everything just to inflate stock prices
- too sprawling
- many later broke apart to unlock hidden value
- samsung empire
- makes phones, ships, life insurance, and theme parks
berkshire hathaway — warren buffett's holding company with 370+ billion usd in assets across insurance, railroads, utilities, and manufacturing
samsung group — south korean conglomerate with 22% of the country's gdp, spanning semiconductors, phones, appliances, and construction
lvmh — french luxury conglomerate owning 75+ brands including louis vuitton, dior, and givenchy with 86 billion eur revenue
tata group — indian conglomerate founded 1868 with 100+ companies across steel, it, automobiles, and hospitality