As he does each year in his letter to investors, Berkshire Hathaway Chairman Warren Buffett explained what's driving the conglomerate's short-term and long-term results.
He puts these performance figures in the context of the latest accounting rules, the current investing climate and "The American Tailwind" that he believes supports Berkshire's continued success.
Berkshire's earnings
Berkshire had a return of 11% in 2019 vs. 31.5% for the S&P 500. In 2018, though, Berkshire had a 2.8% return vs. -4.4% for the S&P.
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Janet Levaux
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
