…ask Warren Buffet.
This evening I was researching how to optimize my stock market portfolio and I stumbled across the 2009 annual letter from Warren Buffet to his Berkshire Hathaway shareholders. One figure on the second page made me sit up and take notice. Between 1964 and 2009 Berkshire Hathaway returned a total of 434,057%. Yep, you read that right – 434,057% return. This was light years better than the overall return of the S&P 500, which was 5,430%.
Everyone knows that Buffet is one of America’s richest men, but that level of overall return has got to be a historical anomaly.