Value investing typically refers to buying underappreciated stocks or businesses and selling them at a higher value.
Buying when others were selling in fear has in part helped Berkshire return a whopping 3,787,464% from 1965 through the end of last year. That's way more than the S&P 500's 24,708% return in that time.
"In the 58 years we've been running Berkshire, I would say there's been a great increase in the number people doing dumb things, and they do big dumb things," he said. "The reason they do it is because, to some extent, they can get money from people so much easier than when we started." Charlie Munger, Berkshire Hathaway vice-chairman and Buffett's long-time right-hand man, has a more pessimistic view on value investing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dem Rep. Goldman Sold up to $15K Bank Stock Days Before Value FellDemocrat Rep. Daniel Goldman (NY) sold up to $15,000 worth of stock in PacWest Bancorp just two days before the bank’s stock took a significant plunge, according to his financial disclosures.
Read more »
Pokémon TCG Value Watch: Crown Zenith In May 2023Pokémon TCG Value Watch: Crown Zenith in May 2023 notes a major drop in the set's chase card, the Giratina Origin Forme Gold Secret Rare.
Read more »
Pokémon TCG Value Watch: Lost Origin In May 2023While the Giratina Alt Art remains high in value, we see certain major hits from PokemonTCG LostOrigin fall in value this month. Pokemon
Read more »
Apple stock price surge adds $135 billion in market value after earnings beat'Another masterpiece performance': Apple earnings ease investor concerns of iPhone slowdown as $90 billion buyback helps boost stock
Read more »
Buffett set for 59th shareholder marathon as big questions loomWarren Buffett is set to preside over Berkshire Hathaway Inc's annual meeting for the 59th time on Saturday as investors make their pilgrimage to hear the investing legend, at a time of turmoil for the banking industry and as trouble looms for the economy.
Read more »
92-year-old Warren Buffett won't be replaced anytime soon, Berkshire board member saysInvestors shouldn't expect a change of leadership at the top of Berkshire Hathaway anytime soon, even though Chairman Warren Buffett is 92 and his partner...
Read more »