Warren Buffett underperformed the S&P for the second time since 1990

Warren Buffett underperformed the S&P for the second time since 1990 , this past year Berkshire Hathaway went down -4.7% this was mainly due to the Berkshire insurance firm hurt by the Japanese earthquake and the lost on the derivatives , Buffett himself lost 2 billion dollars of his own personal holdings last year . Buffett's Berkshire Hathaway Inc. slipped 4.7 percent in 2011. It was the second time since 1990 that the Omaha, Nebraska-based firm underperformed an S&P 500 that had either declined for the year or rose less than 5 percent . "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.