Warren Buffett is feeling the heat. In 2012, for the third time in four years,
shares of Buffett’s Berkshire Hathaway trailed the Standard & Poor’s 500 —
a position the Oracle of Omaha finds particularly distasteful.
Buffett called the 1.6 percentage point loss to the S&P
a “subpar” performance.
“To date, we’ve never had a five-year period of
underperformance, having managed 43 times to surpass the S&P over such a
stretch,” Buffett wrote in his annual letter to shareholders. The letter, anticipated by millions of
investors and read for clues into Buffett’s investment strategy, promised an
improved performance in 2013....
No comments:
Post a Comment