A Personal View – May 2014
Warren Buffet must handily be the most well respected investor in the world. His astute investments over a lifetime have proved to be unrivalled in comparison with other investors. The homilies that he relates at the Berkshire Hathaway AGMs in Omaha, Nebraska are legendary. Berkshire Hathaway averaged an annual growth in book value of 19.7% to its shareholders for the last 48 years (compared to 9.4% from S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.