Both classes of
stock are in the red for the year, and a foundation controlled by Vice Chairman Ajit Jain recently sold shares.
Berkshire Hathaway’s (ticker:
) class A and B shares have year-to-date losses of 4.7% and 4.8%, respectively. By comparison, the
S&P 500 index,
a broad measure of the market, has gained 7.6% so far in 2020.
Berkshire Hathaway, helmed by legendary investor
, has trailed the market in recent years. We noted in February that an investor who put $1,000 in Berkshire Hathaway stock in 1965 would have $20 million, against $175,000 for a similar investment in the S&P 500—despite Berkshire Hathaway’s underperformance to the S&P 500 in the last decade. A high-profile recent