"....the most successful investor alive today, has merely matched the market’s return over the past two decades.”

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Not only has He matched the index....
He has significantly reduced the sales of stomach antacids to Berkshire shareholder-owners during 2000,2001,2002,2008,2018,& 2022 when the S&P fell an ave of -17.1% while BRK increased an ave of +7.2% return.

I believe Behavioral Economics claims, "It is thought that the pain of losing is psychologically about twice as powerful as the pleasure of gaining."
For me, I think the multiplier is even greater and am quite willing to give up a % or 2 just to know that the front office in Omaha is thinking of me as a part owner when others are headed for the local Pharmacy.

https://blog.umd.edu/davidkass/2023/12/30/berkshir...

ciao

Berkshire Hathaway FAQ

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