In an interview with The Financial Times, Warren Buffett said Berkshire Hathaway was unlikely to outperform the S&P 500 by a wide margin.
The Berkshire CEO made the comment in a wide-ranging interview with the Financial Times.
Buffett also noted that Berkshire may buy back as much as $100 billion of its own stock if he cannot find better investment alternatives.Warren Buffett shot down expectations that the conglomerate Berkshire Hathaway will significantly outperform the S&P 500 going forward.that Berkshire Hathaway, the company he has controlled since 1965, is a safe investment, but one that may only have"a tiny expectation of better [performance] than the S&P.
Despite this, Berkshire has had a surprisingly long run of underperformance relative to the benchmark S&P 500. According to The Financial Times' calculations, Buffett's posted double-digit outperformance from January 1979 to October 2008, but has since lagged the index, when taking into account reinvesting dividends.
A dollar invested in the S&P 500 10 years ago would be worth $3.20 versus $2.40 for Berkshire, the FT said. That stretch of underperformance has been the longest of Buffett's career. That's due to the outsized gains of large-cap tech companies, such as the FANG stocks, driving the S&P 500 forward.
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