Investment guru Warren Buffett's Berkshire Hathaway has been hit with its worst annual performance in 30 years with a 32pc fall.
According to Bloomberg and The Daily Telegraph, most of the decline in shares happened in the last three months as Berkshire posted a fourth straight profit drop amid sagging insurance results. However, the company still beat the 38pc tumble of the Standard & Poor's 500 Index, the 14th year in 20 that Buffett outperformed the benchmark. Just six of 1,591 US stock mutual funds with at least $250m (£174m) in assets made money for investors last year, according to data compiled by Bloomberg. Mr Buffett, 78, poured money into stocks as prices fell and increased Berkshire's pace of deals as ...
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