It’s the end of an era on Wall Street. In less than four months, Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) Warren Buffett will retire from the CEO role he’s held for six decades. During his 60 years at the helm, he’s overseen a roughly 6,140,000% cumulative gain in his company’s Class A shares (BRK.A), which compares quite favorably to the roughly 43,300% total return, including dividends, delivered by the benchmark S&P 500 (SNPINDEX: ^GSPC) over the same timeline.
The Oracle of Omaha’s outperformance has made him the most-followed money manager on Wall Street, with some investors riding his coattails to substantial long-term gains.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.