Subject: Re: The Berkshire Problem
I see BRK as an index---an index of companies that have a good steady cash flow. I rest better with an index of companies I know will make money, than a collection of companies I hope will make money. The results may be quite similar, though I have faith the BRK is a bit more resilient in a downturn, particularly when the downturn is reflects stock market sentiment as much as fundamentals. I want the weighing machine, not the voting machine. If I miss various bumps from .com, AI euphoria so be it. I need BRK because it fills that niche in what I want in investments.