Subject: Re: Berkshire's strange market behavior...
Berkshire's market price return has been essentially market tracking over quite long periods, but in particular almost all of the last 2.8 years.

The last 10 years actually.

https://testfol.io/?s=cHMFi7L0...

2004-01-02 - 2025-01-07
                         CAGR                MaxDD                       Sortino   
BRK-B     $80,792.01     10.45%    10.45%    -53.86%   20.93%    0.50      0.75
SPY       $78,638.06     10.31%    10.31%    -55.20%   18.73%    0.53      0.75