No. of Recommendations: 1
" A very substantial part of it will never be used to buy equities or businesses.
Agree with this:
BRK.B is rated a hold, with solid underlying businesses but no clear catalyst for outperformance at current prices.
I'd rather be in Berkshire than S&P500, but I've been telling myself that for a long time."
Good morning, brk needs 200-250 plus billion plus cash?
That chart convinced you that you would rather be in brk than spy the past 15 years? Keep in mind spy is more liquid and the options are much more liquid as well. IF, I had known Buffett would be so late at authorizing a serious buyback I would have invested substantially more in spy over brk. WHO KNEW that with Buffett and Munger working FREE, that brkb wouldn't crush all other investing options over 30 years? It was VERY lucky that in the kids 401K and 529s picking a stock like brk wasn't an option so, all in, spy with an 18-40 year time horizon worked out great.
