KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Despite Warren Buffett’s legendary track record, Berkshire Hathaway may struggle to consistently beat the market in the coming years . The company’s sheer size limits its ability to invest in smaller, undervalued companies , making it more aligned with the broader market's performance. In 2024 , Berkshire Hathaway barely outperformed the S&P 500 , returning 25.5% vs. 25.0% . Over the past 10 to 30 years , its performance has remained close to the market average. Statistically, it would take over 100 years of continued outperformance to prove that Berkshire’s success isn’t due to luck . A key focus in its upcoming annual report is its cash reserves, which stood at $325 billion in September 2024 . If this number increases, it could signal Buffett’s cautious stance on the market . However, even with his exceptional record, beating the market gets harder as Berkshire continues to grow . Key Takeaways: Berkshire Hathaway’s massi...