Berkshire Hathaway may be less recognizable as a company than Warren Buffett, its Chairman and CEO, one of the most successful investors in the world.
How well has the company done under Buffett's leadership?
In the Berkshire 2010 Annual Report to shareholders, Buffett noted the following: "Over the last 46 years (that is since present management took over), book value has grown from $19 to $95,453, a rate of 20.2 percent compounded annually."
Buffett credits much of his success to the value investing approach taught to him by the legendary Benjamin Graham at Columbia Business School. This philosophy has served Berkshire investors very well.
Lucky for them Buffett was denied entrance to the Harvard Business School or things may have turned out very different.
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Still waiting for WB to die before I buy any stock in his company.
ReplyDeleteThat may sound cruel and hardhearted, but it is simply recognizing the fact that BH going to take a stock price hit when WB passes.