Why Tesla Inc. Will Never Be a Warren Buffett Stock
We will never have another superinvestor quite like Warren Buffett. Working out of the same modest Omaha digs he's had for decades, eschewing an "aw-shucks" persona you can't help rooting for, and able to boil down immensely complex topics into soundbites that somehow capture all of the relevant information, he has been a transformative figure.
Let's not forget, too, that he's absolutely hit the ball out of the park when it comes to his stock-picking prowess. Since 1965, shares of Berkshire Hathaway have returned 2,150,000%. To put that in perspective, a modest $1,000 investment back then would be worth over $21 million. If you put that in the equivalent of an index fund, it would be worth just $126,000.
Yet that doesn't mean he picks every single winner. In fact, though it's returned an astounding 1,750% since going public in 2010, chances are Buffett would have taken a pass on Tesla (NASDAQ: TSLA) -- and would continue to.
Source: Fool.com
