Wednesday, February 28, 2018

Buffett ‘myth’ questioned as Berkshire trails S&P 500

Berkshire Hathaway Inc.’s stock performance in the past decade belies a “perpetuated myth” that billionaire investor Warren Buffett is beating the market as he did before, according to Drew Dickson, chief investment officer and managing partner at Albert Bridge Capital LLP in London. Dickson compared Berkshire and the S&P 500 Index on a total-return basis -- including dividends, which the company hasn’t paid for half a century. While Class A shares of Buffett’s company rose 126 percent from the start of March 2008 through Monday, the S&P 500 returned 159 percent.

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