Subject: Re: Barron's on Berkshire
“Warren Buffett Found Plenty of Stock Buys Over the Years. Right Now His Company Looks Like One.
Berkshire Hathaway stock is in the midst of one of its worst periods of underperformance relative to the S&P 500, since Warren Buffett took control in 1965.”

I expect one of the other worst periods was during the dotcom bubble.

Is Berkshire really cheap, though? Fairly priced, maybe. We’ve all seen it get much cheaper than this, and not that long ago.