Phil Oakley's Weekly Roundup 

Why investors need to move on from Warren Buffett

Why investors need to move on from Warren Buffett

Warren Buffett has been an inspiration to many investors. His annual reports have been a joy to read and have made complicated businesses like insurance quite understandable to the layperson. However, when I look at Berkshire Hathaway’s portfolio of listed shares and owned businesses, I’m not sure I’d want to own any of them. The reason is the pretty poor returns, high leverage and low growth that comes from banks, insurance, railroads and utilities.

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