Renowned stock-seeker Warren Buffett believes that investors would be equally as likely to buy the stock market as to have a stake in Berkshire Hathaway.
Buffett has long been aware of how difficult it is for Berkshire to keep up with the stock market. In February, he told CNBC it was "a tough time beating the S & P."
"I think it's the best investment – because most people do not know how to select stocks and most of the time – I say" I do not know how to choose stocks, "he told Becky Quick earlier this year from CNBC.
"It's not an easy game. And by definition, people will average, "Buffett added," I mean, if you put all of them together and if half of them pay high fees and jump around and pay broker commissions, the other half has to do better. "[BuffettwillmeetattheBerkshireAnnualShareholders'MeetinginOmahaatthefirstmeetingwithotherBerkshireleadersinMaywherehewilldiscusstheperformanceandinvestmentopportunitiesoftheportfolioandCNBCwillbroadcasttheeventlive