Warren Buffett Just Bought a Gold Stock -- or Did He?
Warren Buffett's investing prowess is known far and wide on Wall Street. The CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has made himself and his shareholders a fortune over the past five-plus decades by purchasing high-quality companies with sustainable competitive advantages on the cheap and, most importantly, holding them for long periods of time.
A comparison of Berkshire Hathaway's stock relative to the benchmark S&P 500 shows an insane outperformance since 1965. According to Berkshire's 2019 annual shareholder letter, its 2,744,062% aggregate return since 1965 is roughly 138 times greater than the S&P 500's total return, inclusive of dividends, over this same period.
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Source Fool.com
