A message board, a digital mine, where Shrewds gather, for fortune design.
- Manlobbi
Investment Strategies / Mechanical Investing❤
No. of Recommendations: 0
else has brought it up, I did on the Fools board, and I'm sharing the post because I know how many old timers will react. '' Dividends, Good morning, I'm surprised you have missed the most obvious issue. Selective disclosure, currently being practiced by Buffett, so late in life, is a terrible idea, imo. Is there any doubt in your mind that if Buffetts hand picked, stock picking gurus, had successfully beaten spy the past ten years, it would be clearly disclosed in the first two pages of the annual letter? Since Buffett refuses to disclose this data, obviously, brk wasted tens of millions trying to do what Buffett has spent decades recommending the investing public, not to do, don't pay big money trying to beat the averages. For those of us who have owned and followed brk for decades, I have a hunch, the rules have changed. I believe Buffett is now, looking over the shoulders of T and T , and making, suggestions. We may never know the facts until both Buffett and Munger pass, if ever. Stay well.''
No. of Recommendations: 0
Any investor in BRK this century is as likely to underperform the indexes as not.
No. of Recommendations: 19
Any investor in BRK this century is as likely to underperform the indexes as not.https://www.portfoliovisualizer.com/backtest-portf...2000-2023 (this century):
SPDR S&P 500 ETF Trust Initial $10,000 Final $43,410 CAGR 6.49%
Berkshire Hathaway Inc. Initial $10,000 Final $89,768 CAGR 9.86%
An investor "this century" has 2x by being in Berkshire vs SPY.
Going forward, who knows? One
appears to be more expensive than the other, but that's what makes a market.
No. of Recommendations: 3
The end of cheap easy money, going forward, should benefit brk and buffetts ability to pay, his price, for potential opportunities. We shall see.
No. of Recommendations: 23
You know, Buffett has better disclosure and is more transparent than you do. Hypocrite (LOL).
Saying he practices selective disclosure is silly. Everyone practices selective disclosure. Buffett discloses more than anyone else in his position discloses.
As for Buffett not disclosing T & T's financial results, I am guessing it isn't disclosed because it is much more complicated than just posting a percentage return. It is well known that T & T have had many discussions with Buffett about stocks that Berkshire has gone on to benefit from (including Apple). How do you then take the returns from those stocks and attribute it to each person. How much credit do you give T & T for Apple's returns to Berkshire?
I am not saying T & T do not deserve scrutiny or that they were good or bad hires. I simply do not know and neither do you (or anyone else outside Buffett's close circle). What I am saying is that measuring their value by a simple percentage return versus the S&P is beyond useless. That would be fine if their sole job was nothing more than managing the money they are given. It is quite clear that their job entails much more than that.
No. of Recommendations: 2
A very important consideration about investment return is confident at the time of distress. An average investor in S&P or other stocks is likely to lose sleep and sell instead of buy when the price is down 50%. While an investor of BRK in the same situation is likely to buy.
No. of Recommendations: 0
No. of Recommendations: 3
"umm, good morning, give some thought to posting your clever remarks on a stock you actually follow."
I did. You didn't understand it. Your loss. I hope your day goes better. Good luck.
No. of Recommendations: 7
I will spell it out to help you understand. We all know that in the past Buffett reported on their performance, but back then their jobs were mostly just stock picking and allocating the money they were given. The article you linked to was from early 2019 (over 4 years ago). Do you think things might have changed since then in the way I suggested? Their jobs are much more varied and collaborative now and a simple performance benchmark is no longer appropriate.
What makes the link even more humorous is that was during the craziness of the S&P valuation bubble. The S&P was also crushing Buffett and Berkshire as well at that time.
Given that info, how can you still think it applies to today? Seriously? You also dodged the question. How much of the Apple purchase do you credit to T & T since they had a bit of influence on the decision to purchase it? How do you figure that into their performance?
No. of Recommendations: 1
'The article you linked to was from early 2019 (over 4 years ago). ' good morning professor. Are t and t, still being compensated based on portfolio performance? When they beat spy by a little it was disclosed. At the end of the ten year period did they lag the index? Are they free to resign if they are , deep in the hole? Does the hurdle reset every ten years? Feel free to continue to embarrass yourself, free speech is a beautiful thing. Have a grand day.
