A Peerless Legend - Just One Plot
This plot from Quartz newsletter on Warren Buffett is simply fascinating: "Had you invested $1,000 in Berkshire Hathaway in 1964 and simply let it sit there, you’d have $16 million today" Only an oracle could generate such numbers. Yes, a peerless legend of his generation.
In 1962, a 32-year-old investor started buying shares in a struggling New Bedford, Massachusetts textile company called Berkshire Hathaway. By 1965, that investor, Warren Buffett, had taken control of the company and was using it as a vehicle for dozens of acquisitions and investments.
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His strategy of identifying undervalued businesses, buying large amounts of their shares, and letting compound interest do its magic has yielded unmatched returns over Buffett’s long tenure. Had you invested $1,000 in Berkshire Hathaway in 1964 and simply let it sit there, you’d have $16 million today.