25 Aug 2016 Here's Why the Pundits Are Wrong About Warren Buffett ( Portfolio )

Of the 30 companies in the Dow Jones Industrial Average when Buffett took the helm at Berkshire, only three remain. And his stock price has vaulted from $18 a share to $223,000. Had the Dow advanced in the same proportion, the index would not stand at 18,500, as it does today, but rather at 11,534,000.