Berkshire Versus Berkshire? Warren Buffett Is OK With the Competition

Warren Buffett sanctioned healthy sparring among the companies owned by his Berkshire Hathaway Inc., the more-than $520 billion conglomerate made up of businesses that range from insurers to a railroad.

“Competition is fine,” Buffett said Wednesday at an event for MLMIC, a medical liability insurer that Berkshire acquired this year. “That’s a good thing. That’s what brings improvements to society.”