Subject: Re: Just to be provocative
Holding Berkshire is easier than trying to trying to identify good US firms oneself --- and done by better ones (than me).

Indeed.
I laid out a fairly stark case for concluding that Berkshire's future rate of growth in value per share will no longer be higher than the average (or not meaningfully so), so one should no longer expect it to be.

But there are still several good reasons which one could list for having Berkshire as a core investment.


On the short term lighter side: Berkshire is more likely than most firms to get a nice one time boost for any capital deployed in the next bear market, whenever that may be.
On the short term darker side: a lot of BNSF's business is moving stuff that was made in other countries. Arrivals at the port of Los Angeles are down ~30% for the moment.

Jim