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Buffett losing some shine after 50 years

His long-term performance is nothing but astounding, but in five of the last six years he has underperformed the S&P 500, using book value

Mr Buffett says that if he doesn't outperform the market, investors shouldn't trust him with their money.

New York

WARREN Buffett is taking a victory lap, and on the 50th anniversary of his reign at Berkshire Hathaway he is entitled to it. From a failing New England textile company, Berkshire became the vehicle for one of capitalism's greatest investing feats.

Mr Buffett is one of the...

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