Friday, August 8, 2014

Buffett's Bad Year

It has turned into a pretty middling year for the stock market, with the S&P 500 index up by just under 5 percent on the year so far. But it’s been surprisingly poor for one famously successful investor: Warren Buffett.
 
Berkshire Hathaway, Buffett’s investment vehicle, has returned just 1.7 percent so far this year. Looking back over the past 12 months, Buffett’s record gets even worse: He is up by just under 7 percent, wile the S&P is up by more than 13 percent.
 
What has dragged down Buffett’s performance? Coca-Cola is down by more than 5 percent on the year, while Wal-Mart is down by 7 percent. But his biggest loser is General Motors, which has lost 17 percent of its value in 2014.

No comments:

Post a Comment