Buffett Watch: Latest Results! Warren Buffett’s best chance to catch up to the S&P 500 Index percentagewise seems to be for the whole stock market to go to ZERO! After a recent sizable zig upward relative to the S&P total return ---in good part due to tech growth, biotech, etc. stocks that he usually doesn’t buy hitting an air pocket for a while --- Buffett (CEO of Berkshire Hathaway, symbol BRK.B) may be resuming his dive into the abyss. He is closing in on his all-time worst difference for any time period: DOWN 86% that he set this year, specifically for 10/24-27/2008 to 2/22/2014. (However, he was up due to the bull market trying to pull him up --- just not up anywhere near in the same ballpark as S&P was. Generally, the absolutely worst relative portions were in 2008 and 2009.) After getting to “only” 70% DOWN from the October 2008 start dates, he is back to: 83% DOWN! Of course, monkeys throwing darts and virtual novices who simply buy S&P equivalents would approximately equal the S&P, even if they did nothing after that. On the other hand, much of the “great unbiased” media’s record remains close to perfect. Despite more media articles and interviews regarding Buffett than perhaps any other financial person on Earth, his “performance over the last 6+ YEARS seldom or never has been reported by lots of those outfits. BTW, even when some do, they say things such as “It’s not as good as it used to be.” Hey, I don’t disagree with that ASSessment! However, it is “a bit” understated. Al, The Plumber of the Depths of Lunacy Twitter: @Al_the_Plumber #buffett #warrenbuffett #stocks #stockmarket #invest #investing
Posted on: Sat, 28 Jun 2014 22:53:50 +0000
Trending Topics
Recently Viewed Topics
© 2015