By VW Staff. Originally published at ValueWalk.
Berkshire Hathaway’s Annual report – Douglas R. Jamieson, President of GAMCO Asset Management Incathaway’s Annual report
Get The Full Warren Buffett Series in PDF
Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues
Check out our H2 hedge fund letters here.
Transcript
You most likely read Warren Buffett’s 2017 chairman’s letter in Berkshire Hathaway’s Annual report that was released on Saturday, February 24, 2018.
Nearly 20% of the letter was spent on reviewing the results of his 10 year bet with Protégé Partners. The bet was that a mindless index – the S&P 500 would outperform five Fund of Funds over a ten year period.
Warren Buffett won the bet and his designated charity – Girls Inc. of Omaha received $2.2 million. Over the ten year period, from the beginning of 2008 thru 2017, the S&P 500 generated a 126% total return versus 88% total return for the best performing Fund of Fund.
Over the same 10 year time frame, GAMCO’s All-cap-value composite generated a 148% gross return or 134% on a net basis.
The post Berkshire Hathaway’s Annual Report – Douglas R. Jamieson, President Of GAMCO Asset Management Inc appeared first on ValueWalk.
Sign up for ValueWalk’s free newsletter here.
