Berkshire Hathaway Nears $200K

Today is the 32nd anniversary of the stock market’s mega-low. On this day in 1982, the Dow closed at 776.92. That’s below where it was 18 years before. The Dow would go on to grow by 15-fold over the next 17 years.

To give you some perspective, the classic 80s teen comedy, “Fast Times at Ridgemont High” opened the next day. Warren Buffet’s Berkshire Hathaway didn’t trade a single share on August 12, 1982. It had previously closed at $450.

Today, the A shares of Berkshire are knocking on the door of $200,000 which would be another all-time high. (Buffett adamantly doesn’t believe in splitting his stock.)

Over the last 15 years, shares of Berkshire have followed a steady pattern. They keep pace with bull markets, but strongly outperform in bear markets (2000 and 2008).

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Posted by on August 12th, 2014 at 10:58 am


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