Buffett's magical touch as a long-term investor is so well known, it has become the stuff of financial legend. Investors still dream of the compounded millions they would have banked had they -- or their parents -- been smart (or lucky) enough to buy a handful of shares back when Buffett took control of Berkshire in 1965.
Recent shareholders, however, are still waiting to see some wizardry. Berkshire's shares have returned 2.7% year to date vs. 4% for the S&P 500 index. Over the past five years -- a boom time for value investors -- Berkshire shares are up 61% compared with 70% for the index.
Knowledge grows through sharing! To be the best, learn from the best! May all your dreams come true! Collections of Value Investing articles, interviews and videos, especially on Warren Buffett and Charlie Munger and articles from various disciplines to build "Latticework of Mental Models"
Thursday, August 09, 2007
Warren Buffett: Off Year for Berkshire Doesn't Cow Buffett Buff
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