Accessibility Menu
Arrow-Thin-Down
S&P 500
6,878.88
-0.4%
-29.98
Arrow-Thin-Down
DJI
48,977.92
-1.1%
-521.28
Arrow-Thin-Down
NASDAQ
22,668.21
-0.9%
-210.17
Arrow-Thin-Down
Bitcoin
$66,219.00
-0.4%
-$241.96
Arrow-Thin-Down
NFLX
$96.46
+14.0%
+$11.87
Arrow-Thin-Down
PSKY
$13.51
+20.8%
+$2.33
Arrow-Thin-Down
CRWV
$79.47
-18.6%
-$18.16
Arrow-Thin-Down
AAOI
$83.51
+55.5%
+$29.82
Arrow-Thin-Down
FIGS
$15.44
+23.8%
+$2.97
Arrow-Thin-Down
MARA
$8.95
+5.9%
+$0.50
Arrow-Thin-Down
AMZN
$210.08
+1.0%
+$2.16
Arrow-Thin-Down
GOOG
$311.43
+1.4%
+$4.28
Arrow-Thin-Down
META
$648.51
-1.3%
-$8.50
Arrow-Thin-Down
MSFT
$393.00
-2.2%
-$8.72
Arrow-Thin-Down
NVDA
$177.19
-4.2%
-$7.70
Arrow-Thin-Down
TSLA
$402.37
-1.5%
-$6.21
Most Active StocksDaily Stock GainersDaily Stock Losers

Buffett's Disappointing 2012

A disappointing year, by Warren Buffett's standards.

By Matt Koppenheffer and David Hanson – Mar 4, 2013 at 1:11PM EST

In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss Warren Buffett's letter to Berkshire Hathaway (NYSE: BRK-B) shareholders this year. In the letter, Buffett tells shareholders that it was a "sub-par" year, and one of only nine years in the company's 48-year history that it has grown in book value less than the S&P 500's percentage gain for the year. Matt puts this "disappointment" into perspective by looking at Berkshire's performance on a longer timeline.  

Read Next

About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$504.95
(+0.45%)+$2.28
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$757,000.00
(+0.50%)+$3,750.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services