To support international development and make some money, I purchased a class B share of Berkshire Hathaway shortly after Warren Buffett announced that he was donating most of his wealth to the Bill & Melinda Gates Foundation (detailed reasons for my purchase are here).
I figure the time is right for an update: I bought the stock on June 26, 2006 for $2,996.74 (including $9.99 commission). As of this morning, before the market opened, it is trading at $3,210.00—an increase of 7.1 percent.
And, to follow the Motley Fool’s guidance to benchmark your results, during the time that I’ve owned Berkshire Hathaway, the S&P 500 has increased by just 5.0 percent.
Full disclosure: Berkshire Hathaway is the only stock in my portfolio doing this well.