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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21939 
Subject: Re: Trailing the index again
Date: 01/14/24 11:35 AM
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No. of Recommendations: 9
Are there any notable failures of mean reversion that those who criticize it can point to?
...
CBI :)


That one does spring to mind!
They spent over 100 years doing (mostly) fixed price big construction projects while managing their risks through thick and thin. Until they didn't.
There was no simple calculation of "normalized earnings" that handled that. It was a known risk, but not a quantifiable one.

"Death via merger" with another company is bad enough, but it adds some extra artistry that that acquiring company then went belly up from asbestos claims.
Like the cartoon character run over by a train that then has a piano dropped on him.

Jim
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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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