Woodstock for Capitalists

Berkshire Hathaway is scheduled to hold its annual shareholders’ meeting this Saturday, May 1. This is the second consecutive year in which the meeting will be virtual; in 2019, attendance was nearly 40,000, which makes social distancing somewhat difficult.

We noted two years ago that Berkshire’s investment performance, though formidable over the long run, had lately become more pedestrian. Neither conclusion has changed in the interim. $100 invested in Berkshire stock at the end of 1968 would have grown to more than $960,000 by the end of 2020; a comparable investment in the S&P 500® would have grown to $16,800.

You can now read the full whitepaper at the link below