$100 to $2.4 million: Buffett’s historic ride at Berkshire has delivered mouthwatering returns

On this day in 1965, Warren Buffett took control of an ailing textile company named Berkshire Hathaway when its shares were valued at $19 each.

Regardless, Buffett would later admit the takeover was a mistake, saying in 2014 that “I found myself…invested in a terrible business about which I knew very little.” His shareholders would probably disagree with that assessment.

Here’s what the historic ride has looked like:

From 1964 to 2017, Berkshire has returned a mouthwatering compound annual gain of 20.9%, more than doubling the 9.9% on the S&P.

Here’s a look at the companies that have helped Buffett deliver:

At last check, shares of Berkshire Hathaway were up slightly to flirt with $300,000, while the Dow  was enjoying a triple-digit surge.