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.

I've always wondered how the "managers" of the S&P500 do so very well when compared to 99.9+% of all other fund managers. Somehow they manage to choose additions and subtractions from their "fund" (their index) that over the long-term do better than almost anyone else choosing additions and subtractions from their funds.