Good News: Buffett Has Deployed Over $10 Billion in 3 Weeks

For the past couple of years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has taken heat for his company's underperformance relative to the benchmark S&P 500. But the fact remains that Buffett is one of the best investors of all time, if you look beyond just his recent performance.

According to Berkshire Hathaway's 2019 shareholder letter, Buffett has led his company to an average annual return of 20.3% over the past 55 years. That compares to a 10% compound annual return for the S&P 500, inclusive of dividends, over the same time frame. This 10.3% annual gap might not seem like much nominally, but it's led to Berkshire Hathaway's stock outperforming the benchmark index by more than 2,700,000% since 1965.

Suffice it to say that when Warren Buffett buys or sells a stock, Wall Street and retail investors tend to play very close attention. That's what makes the past three weeks so exciting.

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Source Fool.com