Berkshire Hathaway down 32%, but not out
Jan 02, 2009
Stock Market
Warren Buffett’s Berkshire Hathaway ended 2008 on a somewhat bleak note, it’s Class A shareholders seeing the price head south from $141,600 to (close of ’07) to $96,600 this year, shedding almost 32%, it’s worst performance for almost three decades. It touched $147,000 on September 19, 2008, followed by a low of $77,500 on November 20.
The stock still managed to beat the S&P 500 index (-38.5% in 2008) for the third year running. Since 1977, Berkshire has outperformed the S&P in 24 out of 32 years. You can see how Berkshire compares with the index.
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