Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022.
Berkshire Hathaway 's Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact.
The 93-year-old Buffett said Berkshire's group of diversified, quality businesses should provide "slightly better" performance than the average U.S. company, but anything more than that is unlikely.
'With our present mix of businesses, Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital," Buffett said.
"Anything beyond 'slightly better,' though, is wishful thinking."
Persons:
Warren Buffett, Charlie Munger, Berkshire Hathaway, Apple —, Buffett, —
Organizations:
Berkshire, BNSF Railway, Apple, Oracle, Occidental Petroleum, Berkshire ., Mitsubishi, Mitsui, Sumitomo
Locations:
Omaha , Nebraska, Omaha, Dairy, Berkshire, Alleghany, U.S