Warren Buffett released the annual Berkshire Hathaway shareholder letter and the 92 year old “Oracle of Omaha” has a number of notable comments about markets and investing.
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Warren Buffett released the annual Berkshire Hathaway shareholder letter with the usual fanfare, though this year the news was likely to be tough. After all, the Oracle of Omaha’s Berkshire Hathaway delivered an 11 percent return to its investors, versus the 31.5 percent increase in the S&P 500.
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Was the fourth quarter of 2018 just a bad dream for investors? It sure looks like it now. With just two trading sessions left in the month, the S&P 500 is on track to close out the first four months of the year with its best results in 32 years (1987), has rallied more than 20 percent from the December lows, and has also bested its previous all-time high!
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Warren Buffett just released the 2017 Berkshire Hathaway shareholder letter, an annual
missive that is part performance review and part market wisdom, often offered with a
healthy dose of humor and a few jabs at the financial services industry. (One of my
favorites: “When trillions of dollars are managed by Wall Streeters charging high fees, it
will usually be the managers who reap outsized profits, not the clients.”)
“Both large and small investors should stick with low-cost index funds,” according to Berkshire Hathaway Chairman Warren Buffett. In his annual shareholder letter, the Oracle of Omaha reminded investors something they probably know intuitively, “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.” This is not a new message for Buffett. Three years ago, he provided similar advice to the trustees of his estate: “Put 10 percent of the cash in short-term government bonds and 90 percent in a very low-cost S&P 500 index fund…I believe the trust's long-term results from this policy will be superior to those attained by most investors…who employ high-fee managers.”
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