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PRFRR – X | My Insight from the Berkshire Hathaway AGM 2021 | @Bhuvan Gupta
June 12, 2021 @ 8:00 am - 5:00 pm UTC+0
What creates interest is not the Berkshire Hathaway BRK.B +0.7% annual meeting itself. That formal shareholder meeting is a dry 30-minute corporate event that’s essentially an add-on to the real show. The highlight is Buffett and Munger holding court and taking questions for three and a half hours.
2020 was a year when Berkshire’s value lagged the S&P 500, but over the 1965-2020 the return of Berkshire’s assets has been 20% a year. That rate of growth, when compounded, has lead to incredible investment returns far in excess of a benchmark such as the S&P 500.
The Challenge Of Scale
This has also sowed the seeds of challenges for Berkshire as the company now has hundreds of billions of investments and employees around 350,000 people across its businesses. At that scale, much like turning an oil tanker rather than a speed boat, it becomes harder to beat the broader market. In fact, Berkshire is now among the largest companies in the S&P 500. However, Buffett and Munger remain one of the strongest investment partners of all time and they’ll share so of their insights on May 1.