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News
Investors Bullish on Global Equity and Bearish on Commodities
Hedge funds had a positive start to the new year, with more than half o the strategies tracked experiencing positive inflows. Full investment news article
Berkshire Hathaway's 2013 Annual Letter, in Full
Charlie Munger, Berkshire’s vice chairman and my partner, and I believe both Berkshire’s book value and intrinsic value will outperform the S&P in years when the market is down or moderately up. We expect to fall short, though, in years when the market is strong – as we did in 2013. We have underperformed in ten of our 49 years, with all but one of our shortfalls occurring when the S&P gain exceeded 15%. Full investment news article