Subject: Re: So my question is…
If BRK management doesn't feel they can generate a return above the SP500 they should just return the money to shareholders, either through accelerated buy backs and/or a dividend. Buying the SPY is super easy and investors should want more from an active manager.

I always thought the special nature of BRK wasn't just the stock picking but the access to 'special' investments that are not typically offered to average investors. It would seem that these opportunities are dwindling and no longer material given the size of BRKs operations.


tecmo
...