Warren Buffett: A Legend Who Actually Lives Up To the Hype

Berkshire Hathaway shares have risen nearly 650% since Buffett acquired control in 1965 Actually they've risen about 1928500% (from $7 to $135000)

I think there is a mistake. It says 650% since 1965. I think it's more than that. Just from the 1990's it rose from $5000 to today at $130000, that's 26 times, meaning 2600% gain.

Momentum investors come and go, but Berkshire Hathaway shares have risen nearly 650% since Buffett acquired control in 1965 and have risen at an annual rate of 19.5% in the past 20 years, far outperforming the S&P 500. I think you mean 650 "times"

I think he meant 650% annually?

That's not right either... Who knows what he's trying to say. It's obviously inaccurate.

Yahoo video feeds are problematic. What did you say I can't read lips.

Can we get the correct percentage rate? The Hathaway Shirt Company was about $12.00+/- stock when Mr. Buffet acquired the company. The rest is history. Let's report it correctly.

Funny thing is that most people prefer to use other methods in valuing stocks in the market. I've always wonder why someone wouldn't just follow a person with as much success as Buffett and learn the right way. I guess learning the right way isn't fit for all.

Yes. I erred in the calculation of Berkshire's performance under Buffett. The stock has risen about 7400 times since 1965. Yahoo Finance regrets the error. - Aaron Task

All praise Warren Buffoon, the idiot of Omaha. Think of what he could have done had he been educated enough to have invested in the internet boom before it broke, instead of imitating a road-killed deer sitting in the likes of Gillette. I can't put much value in the opinions of anybody who avoids a sector because "he doesn't understand it". Better would be to take one's head out of the sand and learn. Picture it to be January of '95. Should we put our money into "incomprehensible" stocks like MSFT at $ 3.80 or INTC at $ 4.00 or should we follow Buffoon into Gillette? Tough choice, eh?

DEMALOON - I will assume you have done better than Warren since '95 right?

Who in the world would call a man an idiot that's worth 62 billion dollars,maybe you were looking in the mirror and it just slipped out. This man should be running our country we'd never hear the word defecit. And we'd all probably have a little extra cash to invest.

Buffett avoided the tech sector as a whole. Sure there were individual companies like MSFT who profited but most tech sectors back then had high stock prices with no revenues and net profit. And we all know what happend to most of them. That's probably why Buffett said he didn't get it. Makes a lot of sense, huh?

i argee with jmarcole, demaloon what are your gains for the last five years? answer that please!

I've done all the folly things buffett said that would happen but i was stubborn, thinkin that i had an idea that was " different" than anyone else. The best thing is to follow his advice. Dollar cost average in the market and embrace another type of investing which is using investor's business daily as a map for the market and it's direction. Because all those truly will work long term. But most important buy and hold good investments will bring you true long term wealth.

Most people commenting have been concerned with the percentage increase which is ridiculous. How about making a contribution comment to help others make better investment decisions. Here's mine: Review his companies and you will see gems like Burlington Northern that is up 16% for the year and it pays a dividend.

demaloon, haha, you're funny! What kind of buffoon would call a guy who makes a consistent 20% per year return a buffoon. Just think of what you could do if you are educated enough to invest in ______________ (fill in the blank) before it breaks. Hindsight is 20/20, but what will you put in the blank above? My guess is you don't have any idea!

demaloon you truly are the biggest dumbshit in the galaxy.

Buffet understood, but he never got why people invested in 99% of those internet companies who's P/E ratios we over 500 and were not making money. He has always believed in average companies who are heavily utilyzed like Microsoft and consumed like Dairy Queen. Yes, everyday companies trying to supply a growing population. The BRK.A stock price seems to indicate people agree with his simple but brilliant insights.

Warren Buffett is by far my greatest hero. He is not only a financial genius and the world's richest man, but, he still remains a simple, humble person who dedicated the product of his life to charity by helping the children who truly needed his help. He is truly admirable and I believe he should be recognized as an all-time hero of modern times. God bless you uncle Warren!!!