Why Buying Berkshire Was Both A Mistake And Success For Buffett

Today, every single investor knows the name of Warren Buffett and Charlie Munger. These two billionaires are some of the most respected figures in the investment industry and are considered the best investors of all time. Buffett and Munger have an amazing track record. They started off as deep-value investors, managing money for friends and family via investment partnerships. As their relationship improved, they moved into business together. Excluding the performance of their individual investment partnerships, Berkshire Hathaway has produced a compound annual return for its shareholders of 20.1% between 1965 and 2021 compared to 10.5% for the S&P 500…