Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholder, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
New York | Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $US905 billion ($1.38 trillion) conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges that will confront his successors.
The so-called Oracle of Omaha said in his annual letter on Saturday (Sunday AEDT) that there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF Railway.
Financial Times
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