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Berkshire stock price to 'provide best measure of biz performance': Buffett

Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing

Reuters 

Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing. No longer. Buffett said in his annual letter to Berkshire shareholders on Saturday that the conglomerate's stock price will over time "provide the best measure of business performance." In conjunction with that, he plans to deemphasize book value, measuring assets minus liabilities, saying changes at Berkshire and the vagaries of accounting rules mean that gauge has "lost the relevance it once had." The shift ...

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First Published: Sat, February 23 2019. 23:40 IST
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