No Joke: Buffett Has Now Sold 35 Stocks in 9 Months
This has been a strange year for the investment community. That includes one of the most successful investors of all-time: Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett.
Over the last 55 years, Warren Buffett's long-term, emotion-averse approach to investing has proved quite lucrative for the company's shareholders. The 20.3% compound annual return for Berkshire's shares more than doubles to 10% compound annual return, including dividends paid, for the broad-based S&P 500. The result is a 55-year outperformance for Buffett's company that surpassed 2,700,000%, as of Dec. 31, 2019.
Many investors look for Buffett and his investing team to stabilize an otherwise news-and-emotion-driven market. But the Berkshire Hathaway of 2020 looks nothing like the Buffett portfolio of old.
Source Fool.com
