Sequoia Fund Reopens After 26 Years: A Look Inside

Warren Buffett is best known as the Chairman of Berkshire Hathaway (BRK.A)(BRK.B) and one of the richest men in the world. He is easily the greatest investor of the 20th century, if not of all time. Since 1965, he’s produced average annual gains of 21%. Put another way, a mere $1,000 invested with Buffett when he took over Berkshire Hathaway would be worth an astounding $6 million today.

However, few investors realize that Buffett produced his greatest gains long before he became involved with Berkshire Hathaway. He actually started out managing money via a series of partnerships in the ‘50s. During the first five years, Buffett produced gains of 251%, beating the Dow nearly four fold. By this time, Buffett had 90 partnerships based all over the US. He consolidated all of their holdings into one group, Buffett Partnerships Ltd.