As Buffett seeks big acquisition, Berkshire trails S&P

This translation has been automatically generated and has not been verified for accuracy.Three-quarters of the way through 2019, Warren Buffett’s conglomerate Berkshire Hathaway is trailing the renowned investor’s favourite benchmark, the S&P 500 — as it’s done over the past decade.

While many people view Mr. Buffett as the world’s pre-eminent investor, in the years since the financial crisis — when Mr. Buffett made a number of profitable deals — Berkshire Hathaway has delivered a 353 per cent return while the S&P 500 index has delivered 468 per cent in gains when dividends are included. This year alone, Berkshire’s stock is up just 8 per cent compared to the total market’s 25-per-cent gain.

Mr. Rolfe said Mr. Buffett should have bet heavily on a handful of stocks he knows well — such as Visa and Mastercard — when he couldn’t find major acquisitions during the past decade.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tiffany asks LVMH to raise its $14.5-billion acquisition offer, sources sayTiffany’s board decided that LVMH’s $120-per-share, all-cash bid was too low to become the basis for negotiations globebusiness got anything in the 3-4 billion range?
Source: globeandmail - 🏆 5. / 92 Read more »