Berkshire Class B Shares Gain 8.9% in October as Major Indexes Fall

Berkshire Hathaway’s Class B shares gained 8.9% from the Sept. 30 close through Oct. 30, outperforming the S&P 500 and Nasdaq Composite despite ending the month’s final week little changed. Class B closed at $497.95 on Sept. 30 and $542.49 on Oct. 30. Over the same period, the S&P 500 fell about 0.9%, from 7,651.54 to 7,580.07, while the Nasdaq Composite slid about 5.3%, from 26,861.06 to 25,437. Those comparisons use closing levels on the two dates and measure price changes, not total returns. Berkshire’s two share classes set closing records on Oct. 22, then retreated in the next session.

Source: TokenPost