Berkshire heading to second straight loss vs S&P

With three weeks remaining in the year, the benchmark S&P 500 is up more than 13%, while Berkshire shares are roughly unchanged.

VIEW IN BROWSER | SUBSCRIBE FRI, DEC 11, 2020 WARREN BUFFETT WATCH Berkshire on pace to underperform S&P for second straight year With just three weeks remaining, Berkshire Hathaway's stock price is heading toward a decisive 2020 defeat against the benchmark S&P 500 stock index.   While they were both down about evenly in the dramatic COVID-induced sell-off in February and March, the S&P has had a stronger recovery.   It's up 13.4% year-to-date, while Berkshire's shares are roughly unchanged.   Warren Buffett has been criticized for not doing more stock buying when prices were lower.      If the margin holds, it will be the second consecutive year that Berkshire has underperformed by a double-digit percentage point margin. BUFFETT AROUND THE INTERNET Some links may require a subscription Barron's: Shares of Warren Buffett's Berkshire Hathaway Still Underperform. Why It's Time to Buy. MarketWatch Opinion: Stockpicking legend Warren Buffett and index champion John Bogle both knew the other was right about investing CNBC.com: Kelly Evans: How to become a value investor Forbes: Investors Share Their Top Secrets Of How To Profit During A Recession—With Warren Buffett Yahoo Finance: CEO of this Warren Buffett-backed tech juggernaut says it has just scratched the surface of cloud computing [Really should be "Berkshire-backed"] BERKSHIRE STOCK WATCH         BERKSHIRE'S TOP STOCK HOLDINGS - Dec 11, 2020     Berkshire's top holdings of disclosed publicly-traded U.S. stocks by market value, based on today's closing prices.   Holdings are as of September 30, 2020 as reported in Berkshire Hathaway and New England Asset Management's 13F filings on November 16, 2020.     The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.   QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)   If you aren't already subscribed to this newsletter, you can sign up here.     -- Alex Crippen, Editor, Warren Buffett Watch   Unsubscribe Manage Newsletters Terms of Service   Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS