Subject: Re: Year End
I didn't do quite as well as Buffet did in 2022.

My total return for 2022 was -3%, and it probably would have been a lot worse if I did not have 40% in BRK.

My worst losers were in big tech and asset managers:

Intel: -45%
T. Rowe Price: -42%
Microsoft: -28%
Apple: -26%
Blackrock: -20%

I have some doubts about Intel, esp. the huge cap spending needed just to be competitive with Asian rivals. But I am happy to hold on to the others. I even added to asset managers. Equity markets go up in 8 of 10 years and AUMs with it, so asset light AMs with high operational leverage will outperform greatly in bull markets again.

My best performers were: health care and insurance:

McKesson: +52%
W R Berkley +34%
Progressive +27%
Several consumer staples, discount retailers (Pepsi, JNJ, Dollar General, TJ Maxx) provided single digit returns. A big disappointment here was Pfizer, which continues to lag even in the best of times.

A lesson for me. I have average stock picking skills, if that, so diversify.
And try to get out of stocks the market hates like Pfizer or Intel earlier, even if I have to pay capital gains tax.

Thanks again to Buffett.