Eat your heart out lottery winners: this is winning

“Over the past 54 years, shares in his [Warren Buffet’s] company, Berkshire Hathaway, have outpaced the S&P 500—a broad index of American stocks—by almost 2.5 million percentage points. The degree to which Buffett has outwitted successive generations of Wall Street rivals almost defies comprehension…. Every working day, $100m rolls into Berkshire—cash from its subsidiaries, dividends from its shares, interest from its treasuries. Something must be done with it all. The porridge is starting to overrun the house…. If the problem is too much money, a natural response would be to get rid of some…. ‘That’s my nightmare’, Buffett says…”


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