Wednesday, November 23, 2011

Steve Jobs Outgained Warren Buffett

From a Bloomberg column speculating on whether Steve Job's estate will sell his massive holdings in Apple and, via Pixar, Disney:
Jobs bought Pixar from “Star Wars” producer George Lucas for $5 million in 1986 and invested $50 million more in the computer animation company over a decade, according to a person with knowledge of the situation who wouldn’t speak publicly. When Jobs died, the Disney stake was worth $4.35 billion.
Excluding dividends, that marks an 18.5 percent annual return through Oct. 5, based on $55 million invested at the end of 1986. In that span, Warren Buffett’s Berkshire Hathaway Inc. produced a 15.4 percent average yearly gain, using historical prices from Global Financial Data and returns compiled by Bloomberg:

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