End of the Warren Buffet era?? Interesting. Has nothing to do with the pandemic /s
Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era Who is the Greatest of All Time? Michael or LeBron? Willie or the Babe? Aretha or Ol’ Blue Eyes?
When it comes to investing, Warren Buffett, chairman of Berkshire Hathaway BRK.B, -0.73%, is unquestionably the greatest who ever lived, posting an extraordinary record over more than five decades. From 1965 through 2018, Berkshire racked up a 20.5% compound annual return, more than double that of the S&P 500 SPX, 0.39%, including dividends.
Buffett also is a beloved multibillionaire in an age when the superrich are vilified. His homespun wisdom and Midwestern humility have made him the most sacred of all cows to a business media hungry for wit and personality. His paeans to free-market capitalism, along with his Democratic politics, haven’t hurt him with that group, either.
But now, after profoundly underperforming the S&P 500 throughout the entire 11-year bull market, it’s fair to ask whether Buffett is still, well, Buffett. Even at the company’s virtual annual meeting, held in Omaha on May 2, some questions by shareholders, curated by CNBC’s Becky Quick, struck this listener as unusually sharp.............
https://www.marketwatch.com/story/dud-stock-picks-bad-industry-bets-vast-underperformance-its-the-end-of-the-warren-buffett-era-2020-05-14?mod=home-page
