What Warren Buffett, and other top money-managers who prefer to buy and hold, do during bear markets? Are they able to anticipate bear markets?
Year Buffett % 1966 -8 1967 15.7 1968 82.7 1969 13.5 1970 -7.1 1971 79.5 1972 14.3 1973 -11.3 1974 -43.7 1975 -5 1976 147.3 1977 46.8 1978 13.8 1979 102.5 1980 32.8 1981 31.8 1982 38.4 1983 69 1984 -2.7 1985 93.7 1986 14.2 1987 4.6 1988 59.3 1989 84.6 1990 -23.1 1991 35.6 1992 29.8 1993 38.9 1994 25 1995 57.4 1996 6.2 1997 34.9 1998 52.2 1999 -19.9 2000 26.56 2001 6.47 2002 -3.77 2003 16.04 2004 4.12 2005 0.82
Is it the yearly performance of BRK Berkshire Hathaway? Is it true that Buffett also has a hedge fund?
If that numbers are right. The conclusion is that anyone can have 3 bad years and came up huge finally.