Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

If You Invested $1,000 In Berkshire Hathaway Stock When Warren Buffett Appeared In The Entourage Movie, Here's How Much You'd Have Today

Author: Chris Katje | October 06, 2023 05:10pm

Over the years, Warren Buffett has become known as one of the most legendary investors of all time thanks to his acquisitions of many companies, stakes in public companies, while having an eye for value.

Although he's famed for his investment acumen, many are unaware of the Oracle of Omaha's prowess in acting.

What Happened: Buffett was one of many celebrities to make an appearance in the “Entourage” movie, which was released in theaters on May 27, 2015. Investor Mark Cuban also made an appearance in the film.

The film's trailer featured Buffett along with numerous other celebrities. Actor Mark Wahlberg, who was a producer of the original hit series and the movie, said in an interview that Buffett was a big fan of the show.

“Entourage” was a show before it was a movie, with 96 episodes airing on HBO, a unit of Warner Bros. Discovery (NASDAQ:WBD) from 2004 through 2011.

In the movie, Buffett is in a golf cart and appears angry as he crosses paths with the film’s character Ari Gold, played by Jeremy Piven. In an interview with Yahoo Finance, Buffett was asked about portraying anger in the film, a side seldom seen from the renowned investor.

“They had me get in this car. They wanted me to say something I wasn’t going to say,” Buffett said. “If you thought I was angry in what you saw, you would have gotten a whole different impression if they got their way.”

The Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B) CEO said the cameo was a trade-off for the cast of the show doing a cameo for a short video that played at his company’s annual shareholder meeting in 2014.

Related Link: If You Invested $1,000 In Apple Stock When Warren Buffett Bought Shares, Here's How Much You'd Have Today

Investing $1,000 in Berkshire Hathaway Stock:

For those who watched the "Entourage" show or movie and were unfamiliar with Buffett, a quick search would reveal that his company owns several renowned brands and holds significant stakes in public corporations.

Anyone who invested in Berkshire Hathaway shares around the movie's release would have seen returns surpassing the broader market.

A $1,000 investment in Berkshire Hathaway could have purchased 0.0046 A shares. The $1,000 investment would be worth $2,425.37 today, based on a price of $527,255 for Berkshire Hathaway at the time of writing.

The investment would have generated a return of 142.5% over the last eight-plus years.

For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust, which tracks the S&P 500, would be worth $2,018.70 today. This represents a return of 101.9% over the same time period.

So while the film wasn’t a blockbuster with a total worldwide gross of $49.3 million, investors who bought Berkshire Hathaway shares may be yelling “Victory” today.

Perhaps Warren Buffett wanted to be an investor's superhero. Yeah. Oh yeah.

Read Next: If You Invested $1,000 In Coca-Cola Stock When Warren Buffett Did, Here's How Much You'd Have Today 

Photo: Courtesy of Fortune Live Media on Flickr

Posted In: BRK-A BRK-B WBD

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist