Berkshire Hathaway Roughly Tripled $10,000 in a Decade. Did It Beat the Market?
Berkshire compounded at about 13% a year for a decade -- and it still wasn't enough to catch the index.
Overview
Ten years ago this week, on Aug. 25, 2016, Berkshire Hathaway's (NYSE:BRKA)(NYSE:BRKB) B shares closed at $148.64. Ten years later, on Aug. 25 of this year, they closed at $504.32.
Berkshire pays no dividend, so the price is the whole return. A $10,000 investment became about $33,900.
Details
The stock roughly tripled, compounding at about 13% a year. That's a good decade by nearly any standard. But the standard that matters most is what the same money would have earned elsewhere -- and that comparison doesn't flatter Berkshire.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.