Berkshire Hathaway class A shares traded for $300,000 for the first time this morning. Berkshire class B shares traded at $200 for the first time (Berkshire A trades at 1500 times Berkshire B.) $1,000 invested in Berkshire 52 years ago would be worth about $20 million today. The same amount invested in the S&P 500 would be worth about $130,000.
(Values were calculated using the compounded annual gain of 20.8 percent from 1965-2017 for per-share market value of Berkshire, and the compounded annual gain of 9.7 percent from 1965-2017 in the S&P 500, with dividends included.)
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More