Subject: Re: OT: Jim's take on the market
I agree, thanks for sharing the article - it was a very good read. And very sobering.

Is the data that could be used to apply a similar analysis to Berkshire available?

It'd be interesting to see how much of recent years' BRK performance could be attributable to low interest rates and corporate tax rates that might never return.

And what that analysis would predict for Berkshire's future performance (all else equal), for comparison to the +2%/yr real return figure for the S&P 500.