Buffett - The Legend
Graeme R. Kirkland, CIM
Senior Investment Advisor - Argosy Securities Inc. - Toronto
Great little piece on investor legend Warren Buffett’s work in Barron’s dated Monday February 17, 2020; out this past weekend!
Did you know $1,000 invested with Buffett in 1965, is worth $20 Million now (2020), versus $175,000 if you’d bought the S & P 500 index?
Quite a case against the current-day fashion amongst some folk, of indexing and passive investing.
That case is incredibly weak when looking at Buffett’s track record.
To qualify, as I already well knew, and as Barron’s provides some good detail on, Buffett’s out-performance has not existed in the current bull market; but certainly holds water looking back 20 years, and more.
Buffett was up +11% last year.
His Class ‘A’ shares have a market value of $340,000/share; his class ‘B’ shares are priced at $226.80/share.
Buffett’s Berkshire Hathaway corporation holds $128 Billion of cash, trades at 1.3x B/V; and a FPE of 21. It has a market value of $555 Billion.
Good piece in Barron’s this week for much more good info.
I am not recommending this security. This piece is merely informational.
Graeme R. Kirkland, CIM
Senior Investment Advisor
Argosy Securities Inc. - Toronto
www.ArgosyKirkland.com
Twitter: KirklandGraeme
Instagram: ArgosyKirkland
Disclaimer: The views expressed do not necessarily reflect the opinion of Argosy Securities Inc. Neither Argosy nor its affiliates accepts any liability whatsoever for any loss arising from any use of this report or its contents. This does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. Please consult a professional before making an investment decision.
Forward Looking statements: Certain information set forth in this material contains forward-looking information. Forward Looking Information is subject to risks and uncertainties and is not guarantees of future performance. The information contained herein is based upon what the writer believes to be reasonable; the writer cannot assure that actual results will be consistent. Undue reliance should not be placed on them.
Historical analysis does not reflect future returns, Investing involves risk.
Source: ThomsonOne/Refinitiv, Barron's; Graeme R. Kirkland, CIM. Date: Saturday February 15, 2020