Subject: Re: So my question is…
All that said, personally, I am glad that the option to invest in Berkshire exists. For me, the primary reason for investing in Berkshire vs. the S&P 500 is that the latter has traded at nosebleed valuation levels for the bulk of the last decade or two. Even if Berkshire's intrinsic value growth is similar to that of the S&P 500, I will continue to invest in it as long as it is more reasonably valued.