OPINION: If any other genius traders in their 40s (or younger) think Buffett is washed up at 91, maybe we shouldn’t tell them about his vice chairman and friend Charlie Munger, still going strong at…98.
It’s almost two years since the Berkshire Hathaway chairman, then 89, was publicly mocked by 40-something self-proclaimed stock market “captain” and “winner,” Barstool Sports founder David Portnoy.“I’m better that he is. It’s no debate. I killed him. He’s dead. He’s dead,” Portnoy said.
In the 21 months since Portnoy’s tweet, Berkshire Hathaway BRK.A, +1.92% stock has rocketed by 75%, beating the S&P 500 SPX, +0.51% by a clear 30 percentage points and the riskier small cap Russell 2000 RUT, +0.12% by 40 points. We attempted to contact Portnoy and his company for comment but were not able to reach him.
Meanwhile, it has been an almost infallible rule during my career as a financial journalist that you should just go out and buy stock in Berkshire Hathaway whenever people start to say that Buffett has passed his prime.
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