Too big. Too slow. Too old-fashioned. Criticism mounts after Berkshire Hathway’s bad run
The famed stockpicker had his worst performance versus the S&P 500 in a decade in 2019, and 2020 is shaping up to be nearly as bad. Instead of taking advantage of the coronavirus crisis that hit markets in March, Mr Buffett was a casualty.
Instead of highlighting Berkshire’s balance sheet strength, the crisis exacerbated longstanding concerns over the company’s direction. Some longtime Buffett watchers argue that it is time to fundamentally rethink Berkshire’s mix of business and investments.
Read the full article here