Buffet's Birthday -- Investor Insights from Glen Eagle

Buffet's Birthday

September 12, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

Warren Buffett turned 93 recently. His company, Berkshire Hathaway, has achieved an average annual return of 20.1% since 1965 (compared to just 10.5% for the S&P 500). In fact, the Berkshire shares could drop 99% and still be outperforming the S&P 500 over that period of time. ₁

Hurricane Idalia, which hit the US at the end of August, was the 19th major hurricane since 1990. Historically, however, hurricanes have had little impact on the stock market. In the week following each of the previous 18 major hurricanes, the S&P 500 saw a median gain of 1.22%. ₁

Instacart is planning to go public with a valuation of around $8.6 billion to $9.3 billion, significantly lower than its $39 billion valuation in 2021. This decline in value reflects reduced investor interest in high-growth startups due to rising interest rates. ₂

Big tech companies have consistently outperformed the rest of the S&P 500 since 2015, with an average annual revenue growth of 12.5%. Big technology companies also had profit margins of 22% compared to just 12% for all non-big-tech companies in the S&P 500. ₃

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