Berkshire Hathaway Outperformed the S&P 500 Over a 60-Year Period Under Warren Buffett. Here's the Stock That Could Help Continue the Streak Under Greg Abel.
Even if the conglomerate's share price tanked 99% tomorrow, it would still have beaten the S&P 500 index in the past six decades.
Berkshire Hathaway's stock has flourished over the past six decades, outperforming the S&P 500 index by a vast margin. Warren Buffett's ownership has led to a remarkable annualized return of 19.7% compared to the S&P 500's 10.5%. Even if the company's shares plummeted by 99% tomorrow, Berkshire Hathaway would still surpass the benchmark over the 60-year period.
Now, under the leadership of Greg Abel, the task lies in continuing this impressive streak. Berkshire Hathaway's $1.1 trillion enterprise is set to maintain its edge in the years ahead.
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