WHO IS

Australia’s Warren Buffett? 

 

 

 

1. WHAT ARE BUFFETT’S RESULTS?

To be in War­ren Buf­fet­t’s league, you have to have results as good as his or close to it.

Berk­shire Hath­away, his con­glom­er­ate, has earned an annu­al return of 20.5 per­cent since he gained con­trol in 1965. 

Every­one agrees that’s pret­ty impres­sive. 

You’ll hear plen­ty of peo­ple say they have bet­ter returns — but over what peri­od of time? In a bull mar­ket, it’s not hard to make great returns for one year, two years, even five years. But can you keep it up over ten or twen­ty years? 

 

 

2. HOW DO AUSTRALIAN INVESTORS COMPARE?

There are lots of very suc­cess­ful investors in Aus­tralia.

Some of them pub­lish their results; some, pri­vate investors, do not.

In terms of the pub­licly avail­able returns (from invest­ment funds), very few (if any) come close to 20 per­cent per annum over a decade or more.

While Tony Kynas­ton isn’t quite in War­ren Buf­fet­t’s league yet, he’s close. Over 25 years, Tony’s port­fo­lio has returned an aver­age of 19.5 per­cent per annum. Not bad, but not as good as Buf­fett — yet. Which keeps him hun­gry. 

 

 

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