Buffett’s advice is good; The Investment Reporter’s is better

If Warren Buffett had followed the advice of The Investment Reporter 15 years ago he might today be the world’s richest man–not number 3.

We came up with this admittedly tongue-in-cheek theory via The Wall Street Journal’s MarketWatch in a report written by Mark Hulbert. He specializes in independently rating the performances of about 200 financial advisory newsletters.

Specifically, Hulbert was commenting on Mr. Buffett’s recent investment letter reporting on the 15-year performance of Berkshire Hathaway.

Hulbert noted in his report, however, that while “the rest of the investment community was fawning” over Mr. Buffett’s Berkshire Hathaway performance, what was really impressive was that 10 investment newsletters had done even better over the last 15 years “since the top of the internet bubble in other words.”

Canada’s only top performer

And The Investment Reporter was one of those 10 top performers! And the only investment advisory in Canada.

Now here’s what Hulbert had to say: “According to Buffett’s latest report, the 15-year annualized growth rate through 2014 of Berkshire Hathaway’s (NYSE─BRK.B) net asset value is 9.4%.”

Hulbert then went on to comment that The Investment Reporter’s performance over those 15 years shows 11.9%. And Mr. Buffett’s reported Berkshire Hathaway’s performance? Just 9.4%.

That’s what caused us to speculate–somewhat tongue-in-cheek—that

If Warren Buffett had followed the advice of The Investment Reporter 15 years ago he might today be the world’s richest man–not number 3.

You can learn much more about The Investment Reporter and what Hulbert and others have to say about its remarkable performance here: www.adviceforinvestors.com

 

The Investment Reporter, MPL Communications Inc.
133 Richmond St. W., Toronto, On, M5H 3M8, 1-800-804-8846