American Decades
Buffett, Warren 1930-
CHAIRMAN AND CEO OF BERKSHIRE HATHAWAY INC.
The Oracle of Omaha.
Without a doubt Warren Edward Buffett is the greatest stock investor in modern times, and perhaps the most prescient oracle in the history of the stock market. If an individual had invested $10,000 in Berk-shire Hathaway when Buffett purchased a controlling interest in 1965, by 1999 that individual's portfolio would have been worth $51 million. Had that same individual invested $10,000 in the Standard & Poor's 500-stock index, their portfolio would have been worth a mere $497,431. Yet, Buffett has not added a major position to the stock portfolio of Berkshire Hathaway since amassing 4.3 percent of McDonald's Corporation in 1995. During the second half of the 1990s he transformed what had previously been a sideline at Berkshire Hathaway into a main focus: the acquisition of entire companies. Between 1996 and 1999 Berkshire Hathaway, located in Omaha,...
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1990's Business and the Economy
