Spencer Jakab | Netflix Just Left Warren Buffett's Exclusive Club—and That's Okay

view original post

📉 This is an online version of my Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧

The stock market’s thousand-dollar club was worth every penny. When Netflix split its stock 10-for-one last week, it left that exceptional group—members of the S&P 500 with at least four-digit prices. But its shareholders don’t have reason to complain: They’ve made an almost unbelievable 89,000% return since the streaming star’s initial public offering in 2002.

There are now 10 such U.S. stocks remaining, and most have been listed for longer than Netflix. An investor who had divided $10,000 evenly among them in January 2000 (including Netflix) would have a cool $1.5 million today, versus just $73,000 for an S&P 500 index fund.