Subject: Re: FT Series BRK after Buffett
I would be more interested in the balance sheets of the investments of T&T. The obsession with annual returns as reflected in stock price is not why I keep money in BRK. I believe in the principle of “buying companies, not stocks” and I assume in the long term my nest-egg is best allocated to solid profitable companies. I assume they have more skill than I do at evaluating and finding them. The vagaries of the market involve an awful lot of noise and I’d rather focus on the goal of long term compounding at a reasonable rate.