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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: AdrianC   😊 😞
Number: of 21943 
Subject: Re: Bogle , back to the real world,
Date: 01/21/26 9:13 AM
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No. of Recommendations: 4
surprised Longleaf is even mentioned and still around. their performance is so laughable.

Well, I think I'm the only one who ever does... :-)

I occasionally look at them. I had a substantial investment with them at one time. My excuse - I was busy running a business and having kids, and decided to farm out investment management*. Longleaf seemed to fit the bill - value investors, concentrated portfolio, "eat their own cooking", David Swenson wrote about them in complimentary terms in his book. They really, really screwed up in 2007/2008. They saw what was happening but somehow failed to execute. And never really got any better, all the while charging their 1% or so. I did finally give up on them, 10 years ago.

It's difficult to figure out how they have screwed up so badly, and yet still have $3.7 billion AUM.

Since I got out (11 years): Partners Fund CAGR 4.35%
testfol.io: Portfolio Backtester for ETFs and Asset Allocation

*I would have been far, far better farming it out to Jack Bogle.
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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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