Warren Buffett’s investment vehicle Berkshire Hathaway (BRK-B) is having a terrific year.
Berkshire Hathaway is up 17.69% year to date, compared with 6.21% for the S&P 500. And it is also trouncing U.S. small-cap stocks, which I still expect will outperform Berkshire over the next 10 years. I was so convinced of this that I bet $25,000 on it.
Yet, these impressive returns belie that several of Berkshire Hathaway’s higher-profile public investments have fallen out of bed recently.
And the “Oracle of Omaha” has endured several billion dollars in paper losses as a result.
Although the problems are specific to read more…