The S&P 500 dropped 19% last year, its worst performance since the Great Recession, and the benchmark index is still 18% off its high. Since its inception in 1957, the S&P 500 has generally rebounded in the year following a decline. Past performance is never a guarantee of future returns, but history says the S&P 500 could rebound sharply this year. Read More...
Reuters
Buffett’s Berkshire Hathaway speeds up stock buybacks
Warren Buffett’s Berkshire Hathaway Inc has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy filing on Friday, Berkshire said that as of March 8 it had the equivalent of 1,455,698 Class A shares outstanding, down 4,035 from year end and 2,537 from Feb. 13, reflecting the repurchases. Berkshire’s repurchases have also included Class B shares, which normally cost about 1/1500th as much as Class A shares.
