Business
a share market crash is coming
The legendary investor Warren Buffett — chair and CEO of Berkshire Hathaway Inc (NYSE: BRK.A)(NYSE: BRK.B) — is famous for a number of reasons. First and foremost is the performance of Berkshire, which he has helmed since the mid-1960s.
According to our Fool colleagues over in the United States, since Buffett effectively took over the company, Class A Berkshire shares have gone from around US$12 in 1964 to today’s price of US$343,688 (no, that’s not a typo).
That’s a return of 2,863,966%, or around 20% compounded per year. Berkshire’s Class A shares are also currently the most expensive stock on US markets, and are the living proof of what happens when a successful company never splits its shares.
But apart from…
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