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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" 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: longtimebrk ✭  😊 😞
Number: of 22989 
Subject: Buffett Premium
Date: 07/19/25 7:00 AM
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No. of Recommendations: 1
"Berkshire Hathaway (-12.2%) has underperformed the S&P 500 (+10.7%) by 22.9 percentage points since May 3 when Warren Buffett announced he would be stepping down as CEO on December 31. Since Berkshire's market value on May 3 was $1.2 trillion, the "Buffett premium" can be estimated as 22.9% x $1.2 trillion = $275 billion.

(Note: This is only an approximate estimation. There are other factors that may have contributed to Berkshire's substantial underperformance since May 3, including a decline in first quarter operating earnings that was also reported on that day. However, prior to May 3, Berkshire had been outperforming the S&P 500 in 2025 by 22 percentage points. The fact that May 3 served as an inflection point, resulting in an abrupt and substantial reversal of relative performance, seems to lead to a reasonable conclusion that the bulk (if not all) of this decline can be attributed to Warren Buffett's surprise announcement.)"

Hard to objectively refute this...

X (Twitter): David Kass on X: "Berkshire Hathaway (-12.2%) has underperformed the S&P 500 (+10.7%) by 22.9 percentage points since May 3 when Warren Buffett announced he

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This community has written 22,499 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 · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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