This Stock Now Makes Up 43% of Buffett's Portfolio
Few investors are as revered on Wall Street and among the investing community as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Although Buffett has actually underperformed the benchmark S&P 500 on a trailing 10-year basis, his track record over the really long-tem (55 years) speaks for itself.
According to Berkshire Hathaway's annually released shareholder letter, the S&P 500 has gained 19,784% over the past 55 years, inclusive of dividend payments. However, Berkshire Hathaway's per-share market value has increased 2,744,062% over the same period. This more than 2,700,000% whooping Buffett has put on the S&P 500 is the result of his stock-picking prowess and his patience to see his investment thesis play out over time.
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.
Source Fool.com
