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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rochish ⎊  😊 😞
Number: of 22353 
Subject: Re: About that Berkshire
Date: 05/22/24 8:11 PM
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No. of Recommendations: 6
I agree. A 1.7% total win for the SPY vs. BRK over 20 years is actually a win for BRK given that, during this period, SPY has gone from (probably) fairly valued to significantly overvalued (figures will vary, but 40%-50% overvaluation comes to mind), whereas the same cannot be said about BRK at both end points.

This is (hopefully) not a post-hoc justification because I hold BRK, but not SPY. Instead, it's a statement that valuation matters A LOT.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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