No. of Recommendations: 11
“ I've always felt the real magic of Berkshire is the wonderful combination of Index-like returns and Fort Knox type safety!
Where else can you hope to match the returns of the S&P500 and sleep like a baby every night...”
Agree. Berkshire is the Fort Knox of capital.
“ Mr. Buffett has significantly reduced the sales of stomach antacids to Berkshire shareholders during the rough patches of 2000, 2001, 2002, 2008, 2018 & 2022 when the S&P fell an average of -17.1% while BRK share price increased an average of +7.2%.”
Disagree. Data:
Max Drawdown
1999-2003
SPY -45%
BRK -42%
2007-2010
SPY -51%
BRK -46%
2020-2023
SPY -24%
BRK -24%
The share price can do anything. Berkshire suffers drawdowns along with the market. Slightly less sometimes, but still very painful. And Berkshire can lag the market for years and years, also difficult and painful for investors.