Wednesday, April 30, 2014

Berkshire share gains may offer Buffett cover at annual meeting

A billboard welcoming Berkshire Hathaway shareholders displays a vintage picture of Chairman Buffett and Vice Chairman Munger at the company's annual meeting in Omaha By Luciana Lopez OMAHA, Nebraska (Reuters) - A ho-hum stock market so far this year may be just what Berkshire Hathaway shareholders needed. As they gather this week at the sprawling conglomerate's annual meeting in Omaha, Nebraska, and rub shoulders with its iconic chairman, Warren Buffett, the fact that its shares are once again beating the broader market should help dim the sour memory of its recent run of underperformance. Last year, for the first time in nearly half a century, the gain in Berkshire's book value over five years - Buffett's preferred measure of performance - lagged the total return of the S&P 500 . Berkshire, which saw its net worth grow just 91 percent by comparison in that run, does best in a weak market - the weaker the better, perhaps.








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