Are Berkshire Hathaway’s best days behind it? Warren Buffett seems to think so. In an essay to mark the firm’s 50th anniversary, the Oracle of Omaha wrote in 2015 that Berkshire Hathaway’s future long-term gains “will not come close to those achieved in the past 50 years.” (The words in italics are reproduced exactly as they appeared.) “The numbers have become too big,” Buffett goes on to say about the Omaha-based conglomerate, which includes insurance businesses, railways, financial-services firms and a mix of manufacturing, service and retail companies. “I think Berkshire will outperform the average American company, but our advantage, if any, won’t be great.”
Nellie S. Huang owns shares of Berkshire Hathaway.
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