FYI: Warren Buffett says he has never recommended Berkshire Hathaway’s shares. He hasn’t done so in writing. He hasn’t done so on television. He even says he hasn’t done so privately. Yet, as the company’s chairman since 1965, he might have created more millionaires than anyone…ever.
For decades, Berkshire Hathaway’s stock has trounced the S&P 500. From 1965-2018 the S&P 500 averaged a compound annual return of 9.7 percent. In contrast, shares of Berkshire Hathaway averaged a compound annual return of 20.5 percent.
If you had invested $100 in Berkshire Hathaway stock in 1965, it would have grown to almost $2 million by July 31, 2019. That’s mind-boggling. Yet, Buffett’s letter to shareholders oozes humility every year. He always credits others for the company’s success, and he highlights his mistakes.
But has Berkshire’s success now run its course?
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/is-berkshire-hathaways-success-now-in-the-distant-past
