Warren Buffett and Michael Lewis need no introduction to the investment community!
Warren Buffett is one of the best investors in history. He heads up Berkshire Hathaway (NYSE: BRK-A), which functions as a holding company for his assets. These range from small cap companies that are completely owned such as See’s Candies to major positions in blue chip mega-caps such as Coca-Cola (NYSE: KO), ExxonMobil (NYSE: XOM), Wal-Mart (NYSE:XOM), and many others.
Michael Lewis is famous for writing so well about so many financial topics.
His book, “Liar’s Poker,” was one of the early ones on Wall Street. A later publication, “Moneyball,” highlighted a new way of managing baseball teams from the front office in a very savvy, financial manner. The principles of “Moneyball” are now applied to many organizations.
In a recent interview with Kiplinger’s magazine, an excellent publication on investing, Michael Lewis disclosed that he had sold his index fund and bought shares of Berkshire Hathaway.
Lewis did that as he said he wanted to be investing with Warren Buffett. Those who have invested with Buffett through ownership of shares of Berkshire Hathaway have been richly rewarded, both over the short term and the long term. Berkshire Hathaway is up for the last week, month, quarter, six months, and year of market action (chart below). For 2014, Berkshire Hathaway has surged by more than 22 percent!
What Lewis did is what Buffett has always recommended with asked where to invest: buy shares of Berkshire Hathaway!
So far, that has been very rewarding advice. Michael Lewis obviously feels it will be that way for the future. Investors could do far worse than to be with both Warren Buffett and Michael Lewis for the long term. It has certainly paid off for those who have been wise enough to buy and hold shares of Berkshire Hathaway!