> Warren Buffett Blog: Berkshire Hathaway down year for 2015

Monday, January 4, 2016

Berkshire Hathaway down year for 2015

U.S. investor Warren Buffett, the world’s third-richest person, lost $11.3 billion as Berkshire Hathaway Inc. had its first negative annual return since 2011. 

Berkshire is down approximately 11 percent for 2015. The fall in Berkshire shares this year comes against a 3 per cent return from the S&P 500, including dividends. It is only the 11th negative year since Mr Buffett seized control in 1965, and the worst under-performance relative to the S&P 500 since 2009, when the wider stock market recovered much more sharply from the effects of the financial crisis. 

Mr Buffett has often urged investors to make a judgment of stock prices based on the long term, rather than on a single year, reflecting investing mentor Benjamin Graham's view that the stock market may be a "weighing machine" in the long run, but in the short term it is a "voting machine".