Since taking over the reins of Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) as CEO in 1965, Warren Buffett has overseen compounded gains of 20% a year. That’s more than double the returns of the S&P 500.
Not every year was a winner. At numerous points over the past 58 years, Buffett lost to the popular benchmark index. Sometimes by a wide margin. But Buffett’s strategy of buying excellent companies at fair prices and then holding them long-term continues to pay off.
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