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A foundation controlled by Berkshire Hathaway Vice Chair Ajit Jain sold $1.5 million of shares. It’s the foundation’s second sale so far in 2020.


Daniel Acker/Bloomberg

Both classes of

Berkshire Hathaway

stock are in the red for the year, and a foundation controlled by Vice Chairman Ajit Jain recently sold shares.

Berkshire Hathaway’s (ticker:

BRKb

) 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
Warren Buffett
, 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

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