Where Will Berkshire Hathaway Be in 10 Years?

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) stock has been a terrific investment for patient shareholders. Since 1965, shares have risen in value by nearly 4,000,000%.

But what does the future look like for this iconic company? The answer might surprise you.

Warren Buffett's claim to fame is that he has been able to consistently beat the market for far longer than nearly anyone else. That's an incredibly difficult feat to pull off. Over the past 20 years, around 95% of funds failed to beat their index. Buffett, meanwhile, has trounced the index. Since inception, shares of Berkshire Hathaway have averaged annual returns of around 20%, roughly double the rate of the S 500 over the same time period.

Source Fool.com