Inside $1 billion Nike rival Brooks

Brooks Running may not be nearly as large as Nike (NKE) or New Balance, but that doesn’t mean its impact on the sneaker industry isn’t still strong. The company – founded in the early 1900s to sell ballet slippers and bathing shoes – continues to be the top sneaker choice for serious runners. To maintain its pole position in running, Brooks has released a host of new innovations, such as the Glycerin Max Road Shoe for a pricey $200. But fending off upstarts such as On (ONON) and to a lesser extent, Decker’s Outdoor (DECK) owned Hoka won’t be easy. A resurgence at struggling Nike under new CEO Elliott Hill may also pose a risk. Yahoo Finance executive editor Brian Sozzi sits down with new Brooks Running CEO Dan Sheridan inside the Nasdaq Marketsite in Times Square ahead of the New York City Marathon. Sheridan reveals his vision for Brooks Running a few months into the top job and what Nike’s many stumbles have meant to the company’s growth. The long-time Brooks executive also shares what it’s like to be owned by Warren Buffett’s Berkshire Hathaway (BRK-B, BRK-A). For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.

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What to Watch: Berkshire Hathaway Earnings Saturday

Apple position: Berkshire has slashed its mammoth position in the iPhone maker this year. Berkshire watchers will look at the value of the company’s Apple stake at the end of September to see if those sales have continued. Cash pile: Berkshire’s mountain of cash and equivalents grew to a record $276.94 billion at the end of June.

Waiting for a Better Price on Berkshire Hathaway? Here's Why You Shouldn't

Emotions are tricky. Sometimes it is best to just buy a stock.

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  Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?

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2 Warren Buffett Stocks That Could Beat the Market Through 2030

These stocks will be worth holding even beyond 2030.

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Berkshire's insurance business is likely to be affected by catastrophe loss in Q3, though better performance of its other businesses should offer respite.

Billionaire Warren Buffett Sold 26% of Berkshire's Stake in Bank of America and Is Piling Into a Financial Juggernaut That's Soared 33,000% Since Its IPO

The Oracle of Omaha has shed more than 266 million shares of Bank of America in favor of another market leader in the financial sector.

62% of Warren Buffett's $313 Billion Portfolio Is Invested in These 4 Magnificent Stocks

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Warren Buffett Has Dumped a Lot of Apple Stock Recently. Should Investors Follow His Lead?

Apple's valuation and revenue growth aren't encouraging right now, but its long-term potential remains strong.

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