This Is Warren Buffett's Biggest Warning to Wall Street Yet
The Oracle of Omaha isn't even buying his favorite stock anymore -- and that's concerning.
For the better part of the last six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has done his best to run circles around Wall Street's benchmark stock index, the S&P 500 (SNPINDEX: ^GSPC). Through the closing bell on May 23, the Oracle of Omaha had overseen a cumulative return of better than 6,120,000% for his company's Class A shares (BRK.A), which is greater than 150 times the total return, including dividends, of the S&P 500 since the mid-1960s.
Buffett's long-term outperformance has been something to marvel at, and it's earned him quite a large following on Wall Street. Every year, some 40,000 investors attend Berkshire Hathaway's annual meeting for a chance to hear Buffett share his thoughts on stocks and the U.S. economy.
Additionally, professional and everyday investors wait on the edge of their seats for the release of Berkshire's Form 13F each quarter to see which stocks he and his team, including top advisors Ted Weschler and Todd Combs have been buying and selling.
