Legendary Investor Warren Buffett's Berkshire returns beat the S&P 500 in 2012. In this video, Bloomberg analyzes Berkshire's performance vs. the S&P 500 in 2012. Buffett was able to beat the S&P 500 even without any big elephant acquisitions. His $88 billion dollar of stock portfolio was the key driver of Berkshire's performance. Wells Fargo (WFC), American Express (AXP) and Bank of America (BAC) were the keys stocks which drove the performance. Performance was also driven by some good stock picks by Buffett's new hires Todd Combs and Ted Weschler.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video:
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