Posted 2/26/2024, 4:18:00 PM
Berkshire's 4.4 million percent return since 1965 dwarfs S&P 500 as Buffett sits on $168B cash pile bigger than many giants
- Buffett's Berkshire Hathaway has returned 4,400,000% since 1965, crushing the S&P 500's 31,000% gain
- Berkshire held a record $561 billion of net assets at end of 2022, including $354B in stocks and $168B in cash
- The $168B cash pile is larger than Uber, Nike, Walmart, AmEx, or Pfizer's worth
- Higher interest rates helped Berkshire earn $6.1B in investment income in 2022, up from just $589M in 2021
- Despite nearly 400,000 employees, only 26 work at Berkshire's tiny Omaha headquarters