“Warren's most spectacular returns were long ago when he was the "cigar-butt investing guy", the brillant stock picker…”

Agree, between 1965 and year end 1998 (prior to a huge increase in adding wholly owned businesses) BRK CAGR market returns were 28.7% vs. 12.1% for the S&P (Source 2023 Semper Augustus letter, p.90). No doubt in my mind he has proven a brilliant stock picker, beyond the use of float/leverage. Agree, the Apple trade is the single greatest ever made and he was 86yo when he swung at that fat pitch and knocked the cover off the ball.

Flying up to Omaha with 40K other yahoos for Warren’s celebration, expand my brain, hang with some friends and enjoy some good steak and spirits. Really looking forward to the Charlie tributes, Kleenex in hand. Let’s enjoy these moments!

Berkshire Hathaway FAQ

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