Why We’ll Never See Another Buffett or Soros Ever Again
by Nicholas A. Vardy, CFA
Market Watch
George Soros’ investment track record made him the equivalent of a .400 hitter in baseball. Yet, in a decade that has been lousy for all investors, even the “Granddaddy of Hedge Fund Managers” has had it tough.
Soros quietly left the hedge-fund scene in 2011, turning his fund into a family office. But his last few years in the game were hardly like his first. Indeed, 2010 was Soros’ worst year since 2002, with his flagship fund up a mere 2.63%. The following year was even worse, with his famed Quantum fund reportedly down 15%.
A quick glance at Warren Buffett’s returns shows that the Oracle of Omaha has had a tough stretch as well. Over the past 15 years, Berkshire Hathaway’s average annual returns have shrunk to 7.89%. Granted, that’s over a span in which the S&P 500 has risen only 4.35% a year.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2016/01/why-well-never-see-another-buffett-or-soros-ever-again/?utm_source=rss&utm_medium=rss&utm_campaign=why-well-never-see-another-buffett-or-soros-ever-again
