Warren Buffett's $173 Billion Warning to Wall Street Can't Be Ignored Any Longer

Few Wall Street money managers garner the attention of professional and everyday investors quite like Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett.The aptly dubbed "Oracle of Omaha" has overseen a jaw-dropping return in his company's Class A shares (BRK.A) of more than 5,800,000% over the last six decades, as of the closing bell on Feb. 21. When you run circles around the benchmark S&P 500 (SNPINDEX: ^GSPC), which has returned closer to 40,000%, including dividends, over the same time frame, you're bound to earn a following.In addition to riding Buffett's coattails to significant long-term gains, investors have also come to appreciate Buffett's open-book approach. His annual letter to shareholders and yearly meeting in Omaha provides a forum for Berkshire's chief to speak candidly about the U.S. economy, the stock market, and the characteristics he looks for in great businesses.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool