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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺ SILVER
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Number: of 22354 
Subject: Re: Is the Tao smarter than the Dow?
Date: 12/26/25 9:57 AM
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No. of Recommendations: 18
A lot of that sounds a bit like word salad to me, but the first sentence is certainly worth remembering:

Individual investors and traders who consistently believe they’re smarter than the collective human intelligence of the market often end up in deep trouble.

I would add that this is the case more often than not even when the person's belief about their smarts is correct.
imgs.xkcd.com - Engineer syllogism

I've had an amazing year investing, despite averaging 59% cash. But I'm just smart enough to know that it was mostly luck, not smarts.

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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