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.