Subject: Re: Buffet - factor bro
Is the Berkshire portfolio too big for mere stock-picking mortals to manage effectively? $600 billion and growing is *a lot* of money to slosh around.
Or is it? Blackrock manage $10 trillion, as do Vanguard and Schwab. Fidelity has a paltry $5T.

Inactivity bordering on sloth will not win out in the post Buffett era. I like the BAM/BN (Brookfield) model. Flatt started the asset management side of Brookfield (2002?) and it has turbocharged their returns. BRK could do the same. They get pitched hundreds of deals (or is it thousands) every year. Maybe use a little less leveraged and carve out the ultra-conservative customers. Seems likely to me the days of discounted friendly acquisitions and superior stock selection are over.