Subject: Re: BRKB vs SPY last 5 years
The question Divi20 would never answer was what were his assumptions for the S&P in terms of earning growth and/or multiple expansion that would occur for the index to beat BRK. Would the earnings of the entire index soar? BRK earnings tank? P/E ratios grow to the sky? He had what WEB termed "the Tinkerbelle Approach", clap if you believe. The last time I posted the whole lot of stragglers back there accused me of just regurgitating what Jim spouts, and weighing the credibility of the posters on the two boards, I left.