Warren Buffett needs no introduction in the global investing community. Folksy personality aside, he is better known for his sharp business acumen and investment track record.
Fortune recently reported that if you had invested $1,000 into Berkshire Hathaway (Buffett’s holding company) since its inception in 1965, its value would have been $26.4 million today. The same $1,000 in the S&P 500 would be worth 130 times less – at $200,000.
While certainly fantastic, the last decade hasn’t been kind for Buffett. In the last 5 years, Berkshire has lagged the market by nearly 10 percentage points. And in 2019 alone, Berkshire showed a 11% rise while the S&P 500 went up more than 30%.
His businesses have been in a rut. For instance, Kraft Heinz, in which Buffett owns a $11 billion stake in, had to write down assets for some of its brands and undergo a SEC
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