Subject: Re: Trailing the index again
"The US market might stay at these valuation multiples for decades, so maybe this is the new normal, not "overvaluation". Personally I am dubious, but that's just the eye of this beholder."


About $375 billion of Berkshire's assets sit in equities similar to the index. It is hard to see how Berkshire outperforms relative to the S&P given these assets as a portion of the roughly $1 Trillion of Berkshire assets.

I had this exact discussion with Chris Bloomstran when he said Berkshire would DRAMATICALLY outperform the S&P.


Berkshire is not that undervalued and does face headwinds as a previous poster noted to say nothing of the departure of a superstar capital allocator.

Inquiring minds want to know.