PSX - 3 Things We Learned From Warren Buffett's Q1 Moves
When it comes to all-time investing greats, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett regularly finds his way toward the top of the list. Despite being par for the course relative to the benchmark S&P 500 over the past decade, Berkshire's per-share market value has outperformed the S&P 500, inclusive of dividends, by more than 2,744,000% since 1964.
Returns like this will get any money manager noticed by Wall Street. That's why investors were so eager to see what the Oracle of Omaha (as Buffett has affably come to be known) was up to during the record-breaking first quarter, which saw the S&P 500 lose up to 34% in a span of 33 calendar days.
According to Berkshire Hathaway's 13F filing with the Securities and Exchange Commission, it was an exceptionally active quarter for Buffett and his team in terms of buys and sells made, but not a particularly big quarter in terms of aggregate dollars devoted to buying and selling. Here are the three things we learned about Buffett's first-quarter moves.