Buffett's Berkshire to miss five-year target for first time since 1965

Analysts expect the insurer will have failed to beat the S&P 500 for the first time since Buffett took over management in 1965 when it reports its latest full-year results. Buffett (pictured), chairman and chief executive, set himself the target of adding net worth more rapidly than the S&P 500 index over that period. Buffett has used the comparison to the US flagship index as a way to help investors compare his performance to a low-cost index tracker fund. Since the end of 2008 the S&P 500 index has returned 128%, according to Bloomberg, while the latest data show Berkshire's book...