basquebromance
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- Nov 26, 2015
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Buffett got into the investing game early. He bought his first stock — shares of Cities Service for $38 apiece — at age 11. Since then, the investing legend has amassed a fortune of $75 billion and become one of the richest men in the world.
But if Warren Buffett wasn't the head of Berskshire Hathaway, and instead worked as a financial advisor for investors, he'd probably have a tough time holding a job these days...
That's because the man known as one of the greatest investors of all-time often underperforms the market, according to an analysis by Michael Crook, head of Americas investment strategy at UBS.
The point, of course, isn't that investors should shun Buffett. Over time, the results more than justify his patience. But the question is whether in the current climate of short-termism and the demand for immediate results Buffett would last in the business if he didn't already have his reputation.
But if Warren Buffett wasn't the head of Berskshire Hathaway, and instead worked as a financial advisor for investors, he'd probably have a tough time holding a job these days...
That's because the man known as one of the greatest investors of all-time often underperforms the market, according to an analysis by Michael Crook, head of Americas investment strategy at UBS.
The point, of course, isn't that investors should shun Buffett. Over time, the results more than justify his patience. But the question is whether in the current climate of short-termism and the demand for immediate results Buffett would last in the business if he didn't already have his reputation.
