No. of Recommendations: 7
Not only has He matched the index....
He has significantly reduced the sales of stomach antacids to Berkshire shareholder-owners during 2000,2001,2002,2008,2018,& 2022 when the S&P fell an ave of -17.1% while BRK increased an ave of +7.2% return.
Berkshire sometimes zigs when the market zags. That can be nice, or not, depending.
Berkshire has a higher standard deviation (18% vs 15%, 1999-2024).
Lower max drawdown (46% vs 51%) but remembering those times still makes me shudder.
Going off on a tangent, I'm reading a book about retirement. One story of a couple who retired early, having a grand old time, then along came 2008. They lost 3/4 of their nest egg and now one of them works as a cashier in a grocery store. One wonders how they managed to lose 75%. I suspect they had nowhere near enough to retire on in the first place.
