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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Manlobbi 🐝🐝  😊 😞
Number: of 21937 
Subject: Re: Jim, thank you ...
Date: 01/04/23 7:17 AM
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I didn't call the bottom.
I created a model which tries to do so.
Since then, I merely report what it says, and how it has done.
It's a subtle difference...


I understand the distinction. That would apply firmly also if you had published every single major bottom, but you happened to publish on a particular date (following a series of major bottoms).

On the other hand, given that you (1) made one prominent observation, then (2) the probability of that one observation being both within (i) 1 day of the major bottom, and (ii) surviving as the bottom for 3 months, I believe to be a fairly low probability. It wouldn't surprise me if it was less than 15% chance, even after being informed by the model and trusting the probabilities given by the model (I'm approximating given the number of outputs by the model).

The major bottom model for the whole series of outputs, I believe is good. But whether in category of luck or skill, the individual call that you made was a lot more than good.

- Manlobbi
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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