Subject: Re: Brkb was downgraded to sell
Berkshire has trounced the S&P 500 for every period over 5 years at little risk to capital.

Have a play with this chart. Set the length to 1260 days (5 years) and move the slider.

https://stockcharts.com/freech...

You'll see Berkshire hasn't always trounced the S&P500 over 5-year periods. It is doing right now.

Related: the retained earnings test:
https://rationalwalk.com/berks...