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Warren Buffet has one of the best investment records in history with a compound annual...

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Accounting

Warren Buffet has one of the best investment records in history with a compound annual return (also known as Geometric Average, GA, Annual return) of Berkshire Hathaway stock (BRK) of 22.8% per year from 1974 to 2015 compared to 8.50% per year for a portfolio of large firms (LSTK)). Based on the above returns, what would be the value in 2015 for an investment of $1000 in 1974 for BRK and for LSTK? Assume that the investment is made on January 1, 1974 and the values are for January 1, 2015. (See Exhibits 3 & 5) - (BRK/LSTK)

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