No. of Recommendations: 22
Berkshire stock’s lagging performance shows how difficult it is for even an investor of Buffett’s stature to beat an index driven by powerful megacap tech stocks, especially given Berkshire’s huge size.
Anybody remember 1999?
Admittedly most of the giant tech firms are very profitable these days, so the parallel is inexact.
Yet Berkshire keeps on truckin', obliviously.
10 Buy a firm with lots of profits and a relatively predictable future, but don't overpay.
20 Wait till the profits pile up.
30 GOTO 10
Jim
