1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Study finds Buffett didn't manage well

April 13, 2006

Warren Buffett, termed "the world's greatest investor" by biographer Robert Hagstrom, scored lowest in managing his own company's pension assets, according to a study by consultant Milliman Inc.

Pension plans of Buffett's Berkshire Hathaway Inc. earned 4 percent on their assets in 2005, ranking last among a group of 100 U.S. companies with the largest pension plans, according to Milliman, a Seattle-based benefits consulting firm. The average return was 11.3 percent.

Buffett, who has bet the U.S. trade deficit would weaken the dollar since 2002, may have made similar foreign-currency investments with Berkshire's pension assets, said Howard Silverblatt, an analyst at Standard & Poor's in New York.

"He took a beating on the dollar, so he might have taken a beating on this if he emulated that portfolio," Silverblatt said. Last year, Berkshire had $955 million in losses as the U.S. dollar index rose 13 percent.

http://www.app.com/apps/pbcs.dll/article?AID=/20060413/BUSINESS/604130400/1003/rss08


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by


User Generated Screeners


ttaranto10 Growth 30% Off Hi P/E
jrCannabis Companies
browntroutBV Compounders with Single Dig
browntroutSingle Digit TTM PE and Low BV
NeteaAdi growth screening
andrewgu999BEST1
andrewgu999BEST
DANGORDON***TOTAL RETURN 5Y 10Y 6-30-17
FingerStoppersEV/EBITDA gurufocus
HattcoSCapP>7PB1PE<40No OTC
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK