With an indisputable track record in the investing world, many would argue Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett is the greatest investor of all time. And with years of experience, he’s not an easy person to stump.
But, in fact, Warren Buffett was stumped—by a kid. In front of thousands of attendees at Berkshire Hathaway’s annual shareholder meeting about a decade ago, one girl’s question threw him for a loop, Buffett told Yahoo Finance editor-in-chief Andy Serwer.
“We had one girl, I’d say she was about 12 or 13 years old, back 10 or 12 years ago when the stock wasn’t doing well, maybe it was around the Internet time. She stood up and she said, ‘My dad told me that when he bought the Berkshire stock, it was going to go to my college education, and now it looks like I’m going to have to go to correspondence school,” said Buffett.
If Buffett’s memory serves him correctly, the question that stumped him was between 2004 and 2006, when shares of Berkshire Hathaway’s Class B stock were trading within the range of $54.62 and $61.38 per share. If the girl’s father held on to the stock, the shares were a smart investment. From the close of May 1, 2006, to the close of April 18, 2016, Berkshire Hathaway’s Class B shares have soared about 138%.
Will Warren Buffett be stumped again this year? You don’t have to fly out to Omaha, Nebraska, to find out. On April 30, Yahoo Finance will live stream the Berkshire Hathaway Annual Shareholders Meeting exclusively. You can find out more information here.