This Is the Most Powerful Contributing Factor to Warren Buffett’s Success — and History Proves It Works
Warren Buffett’s investing track record is widely publicized. However, there’s one statistic that is truly mind-boggling. And it shows just how incredible his run leading Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) was.
Credit goes to Michael Batnick for posting this data point on X on Sept. 22. The visual shows that the conglomerate’s share price could fall by 99% today, and it would still match the performance of the S&P 500 index over the past six decades.
The power of compounding has been, without question, the most impactful contributing factor driving the Oracle of Omaha’s financial success. History clearly proves that it works.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.