Subject: Re: O. M. G.
Yikes, looking back at that 2000-2009 stretch. That’s a CAGR of about 4.5%.

Or how about June 1998-June 2012 time span? A CAGR of 3.25% over 14 years, before the parabolic rise of the last 13 years.

It’s always a good reminder for me to remember how long Berkshire can sort of flatline for a decade or so.