Subject: Re: MKL Omaha Brunch notes
Great post and very well written! I agree with nearly everything you said, from the speculation to the price volatility. Fyi-I am only up 95% (8.5% CAGR) since 2/2016, so I have been patient and underwhelmed with the return, although I like the MKL vision and Tom G. a lot. My Patience does thin over time, esp. since BRK has risen over 200% over a similar time. One well known equity manager I chatted with in Omaha told me simply “I’d rather own more BRK than MKL”