Billionaire Warren Buffett's Favorite Valuation Tool Just Made Dubious History -- and It Couldn't Be Worse News for Wall Street

For decades, billionaire Warren Buffett has been Wall Street's most-followed money manager -- and for good reason. In his six-decade stead as the CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the appropriately named "Oracle of Omaha" has overseen a cumulative return in his company's Class A shares (BRK.A) of 5,882,492%, through the closing bell on July 3. For context, this is over 140 times greater than the total return, including dividends, of the benchmark S&P 500 (SNPINDEX: ^GSPC) over 60 years.In addition to running circles around the S&P 500 over extended periods, Buffett's willingness to share his investment experiences and the traits he looks for in businesses has endeared him to the investing community. There's a reason around 40,000 people flock to Omaha annually to hear Berkshire's CEO offer remarks about the U.S. economy, stock market, and occasionally his company's investment holdings.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool