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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BG17   😊 😞
Number: of 12641 
Subject: Re: Trailing the index again
Date: 12/14/2023 5:32 PM
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No. of Recommendations: 5
I'd submit the average Boglehead has not come close to actually outperforming a concentrated Berkshire investor for two reasons:

1) Most BH's seem to keep at least 30% of their portfolios in bonds as they think this is 'conservative' and
2) Most BH's have a 20%-40% allocation to foreign equity which has dragged down their returns vs. all-US equity over the past decade or so.

I'm sure there are some BH's who just own VOO or VTI but most I know don't and own a healthy serving of bonds/foreign equity.
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