Shares of Warren Buffett’s Berkshire Hathaway have underperformed the wider market by one of the biggest margins in decades, as his retirement as chief executive nears and some investors head for the exits.
Berkshire’s class A shares have tumbled 14 per cent since May 2, the last trading day before 94-year-old Buffett said he would hand control of Berkshire to top executive Greg Abel.
Berkshire’s slide contrasts with a rally in the S&P 500 of 11 per cent, including dividends.
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