Wednesday, May 6, 2020

Buffett faces unusual burden as Berkshire shares stumble

Warren Buffett was saddled with an unusual burden after his company, Berkshire Hathaway Inc., held its annual meeting last weekend. Berkshire’s Class A stock fell to a six-year low relative to the S&P 500 Index on Monday, according to data compiled by Bloomberg. The shares hadn’t been so weak in relative terms since 2000, according to Bespoke Investment Group LLC, which cited the Berkshire-S&P 500 ratio in a blog post Monday. The ratio set another low Tuesday, when it was down 18% from a high on March 16.

No comments:

Post a Comment