Could Buying Berkshire Hathaway Stock Today Set You Up for Life?
Warren Buffett's trillion-dollar conglomerate could still be a great long-term investment.
On average, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has outperformed the S&P 500 ever since Warren Buffett took over the company in 1965. Under Buffett, Berkshire shut down its struggling textile business, acquired cash-rich insurance and energy companies, and expanded into other industries. It also built a massive portfolio of stocks that is worth $285 billion today.
Over the past 30 years, a $10,000 investment in Berkshire Hathaway would have grown to about $341,000. So could a $10,000 investment in Buffett's conglomerate today possibly set you up for life over the next three decades?
Image source: Berkshire Hathaway.
