No. of Recommendations: 12
"We need to be objective about this especially at Warren's advanced age."
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A quick check of the BRK vs SPY perf to date(thru 12/15/23) & I get,
1 yr...advantage SPY 5.2%/yr
3 yr...advantage BRK 7.7%/yr
5 yr...advantage SPY 1.6%/yr
10 yr..advantage BRK 0.2%/yr
20 yr..advantage BRK 0.2%/yr
Looking at this perf thru Charlie's "Invert, Always Invert" thinking, one might conclude that SPY "NEEDED" all of it's TECH innovations, social network creations, cloud storage/computing , EV development , ETC ...just to stay up with the stodgy Berkshire!
Imagine if some of these had not come to pass or if the future does not reflect the past.
I'll continue to put my trust in the Front Office at HQ!
ciao