Since this is a week for Buffett and Berkshire, now seemed like a good time to revisit the famous bet that Warren made with Ted Seides, CFA, and President / Co-CIO of Protégé Partners on who would win over 10 years – the S&P or a selection of 5 fund of funds chose by Protégé. The S&P has crushed them the past 7 years. …
What I learned from 50th Anniversary Berkshire Hathaway Letter
One of my favorite annual publications came out today, the annual Berkshire Hathaway shareholder letter! Yet again Berkshire had a killer year. Berkshire’s gain in net worth during 2014 was $18.3 billion, which increased the per-share book value of both our Class A and Class B stock by 8.3%. Over the last 50 years (that is, since present management took …