Feasting at the Buffett
from Stand Up! Business Hosted by Daily Maverick
When hunger strikes, the fiscally responsible glutton knows what to do: scout around until you find a hotel with a buffet and pile your plate like it’s a game of edible Jenga. Essentially, that is what investors have achieved over the years by backing Warren Buffett, who retired at 94 over the weekend; investment Jenga. The Economist calculates that from 1965, when Buffett made his first investment, to the end of last year, Berkshire’s value rose by more than 5.5 million percent, on average 20% annually. The S&P 500 gained 39,000% over that time. Buffett is now worth $162 billion, and he is now going to devote himself to giving most of it away. Entrepreneur Mark Barnes and Daily Maverick Editor at Large Tim Cohen unnecessarily add to the superlatives, and conclude that SA could do with some of that investment nous. Enjoy.Production and Editing by Tevya Turok Shapiro. Music & Design by Bernard Kotze. Created by Mark Barnes, Tim Cohen, Bernard Kotze & Branko Brkic.
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