Here's How Much $10,000 Invested in Berkshire Hathaway Stock in 1964 Is Worth Now
Since Warren Buffett took the helm of a struggling textile company called Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) in 1964, the company's stock price has grown at an annualized rate of 20.8%. That's more than double the S&P 500's average total return of 9.7% during the same time period, but you might be surprised at just how much compounding power a 20.8% rate of return can have over more than half a century.
Let's say that you (or your parents or grandparents) had the foresight to invest $10,000 in Berkshire Hathaway when Warren Buffett first took over. Here's how much you'd have now, and what to expect from Berkshire over the next 53 years.
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Source: Fool.com