Warren Buffett Is Sending Shockwaves Through Wall Street With This Warning. Here’s What History Says May Happen Next.
Investors trust Buffett, thanks to his stellar track record.
Overview
Investors always listen closely to comments from Warren Buffett -- and for good reason. The billionaire spent six decades at the helm of Berkshire Hathaway, and there, he drove market-beating gains. He helped Berkshire Hathaway deliver an average annual return of more than 19%, compared with the S&P 500's 10% over that period.
That's concrete proof of Buffett's clear understanding of the market, and investors, realizing this, aim to benefit from his wisdom. Buffett has been generous when it comes to sharing his thoughts on investing and secrets to success, and he's done this through his letters to shareholders, talks at events, and press interviews.
Details
Today, Buffett no longer leads Berkshire Hathaway's investing decisions. He recently retired and now holds the position of chairman emeritus and a spot on the board of directors. However, Buffett remains involved in the Berkshire Hathaway investment process and also continues to share his thoughts with the public.
Source
Originally published at www.fool.com.