Back in Time
Tuesday’s column suggested that time travelers purchase $1000 worth of Berkshire Hathaway (BRK.A) stock in 1975. That position would be worth $7.5 million today. Which got me thinking: How did BRK’s equity appear at that time?
Warren Buffett gained control of BRK in May 1965. The chart below depicts the value of a $10,000 investment in BRK over the next five calendar years, from 1966 through 1970. For comparison’s sake I included the S&P 500 and the price change of a barrel of crude oil. (The latter two investments are theoretical: There were no index funds and oil barrels came with storage costs.) All figures are adjusted for inflation.
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John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.