It hasn't been a banner year for the Oracle of Omaha.
Warren Buffett has seen shares of his
Berkshire Hathaway fall more than 11 percent this year. Even worse, Berkshire shares have underperformed the
S&P 500 by more than 10 percent.
What makes this highly unusual is that
Berkshire famously tends to underperform when the S&P skyrockets and
outperform when the stocks as a whole do less well, which makes sense
given Buffett's long-term time frame. Indeed, Buffett is well known for
instructing investors: "Be fearful when others are greedy and be greedy
when others are fearful."
This year, however, the S&P is
slightly lower, with a 0.4 percent decline. And while there is still a
month and a half left in 2015, it is notable that this would mark the
first year that Berkshire A shares have underperformed in a down year
for the S&P 500 since 1990. (Readers might note that this excludes
2011, when the S&P fell by less than 0.05 percent.)
Read?
Warren Buffett is having an unusually bad year
Even the world best also have bad years.
So don't need for Uncle8888 bang his head for giving back so much to Mr. Market!
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