Warren Buffett is going through “the worst patch” of his investing career, Jim Bianco, president and founder of Bianco Research LLC, wrote Wednesday in a Twitter post. Bianco cited a total-return ratio, including dividends, between Buffett’s Berkshire Hathaway Inc. and the S&P 500 Index. The ratio closed Tuesday at its lowest level since November 2001 after dropping 23% from this year’s high, set March 16, according to data compiled by Bloomberg. The current reading was first reached in 1995, as cited by Bianco, who wrote that “Berkshire has turned into a mediocracy” for the past 25 years.
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