Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


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.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (41) |
Author: LongTermBRK ✹🐝  😊 😞
Number: of 22346 
Subject: Re: Waiting: Then and Now
Date: 09/14/26 11:48 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 14
Asymmetric risk is the most important consideration.

Sure, but the risk comparison is not T-Bills versus SPY, it's Berkshire vs SPY, yes? Single stock vs the US market of stocks.


Spot on with the post length :) Apologies !

As for BERK vs. S&P again, asymmetric risk. You've had a solid bull market. You have one vehicle (SPY) with a 99.95% upside exposure...vs. another vehicle (BRKB) with a third of the company and half the book in cash. If you think trees grow to the sky there's absolutely no reason to own Berkshire here. Or..is there?

DESPITE having substantially less EXPOSURE--Berkshire ACTUALLY BEAT the all-in, 99.95% all stocks S&P 500 the past 5 years!

5 years through Friday:

Berkshire Total return: 83.27% Annualized 12.88%

S&P 500 71.74% Annualized 11.39%

One hand tied behind its back--massive cash drag--no problem for Berkshire.

I'm still more concerned about the next 5 years and risk adjusted returns and optionality. The problem again is --I still don't know what will happen. So, Berkshire gives me a nice shot at some growth, some insurance against currency debasement and nice protection if things fall apart. What do you think happens to SPY in panic and turmoil?
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to LongTermBRK here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,850 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
Unthreaded | Threaded | Whole Thread (41) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community