Halls of Shrewd'm / US Policy❤
No. of Recommendations: 26
Berkshire Hathaway +4.0%
DJIA -8.8%
S&P 500 -19.4%
Nasdaq -33.1%
Bitcoin -64.2%
TSLA -65.0%
ARKK -67.0%
That is some ugly company we avoided.
No. of Recommendations: 4
better than the broad market by +24%
not bad for us cultists!
No. of Recommendations: 5
Yes, very well pleased we are in the black this year, esp. with Apple down nearly 30% for the year. Happy New Year to All!
Also liked this data from Dr. David Kass 12-29:
Since 2000, Berkshire has outperformed the S&P 500 (with dividends included) each negative S&P500 year
Year S&P 500 Berkshire
2022 -19% +2%
2018 -4% +3%
2008 -37% -32%
2002 -22% -4%
2001 -12% +7%
2000 -9% +27%
No. of Recommendations: 6
Since 2000, Berkshire has outperformed the S&P 500 (with dividends included) each negative S&P500 year
Thanks for posting that. I was reading an old 'BRK vs S&P' thread, and it dawned on me that therein rests my #1 comfort factor in BRK. I did not have the data in front of me, but I was pretty sure that was the case and have been meaning to check.
I have no problem with having a slightly less good year than the general market when things go up. I'm not greedy. This year I have watched many of my recently retired friends suffer some real stress, watching their nest egg shrink. I've been warning them about multiples, asking how they expect to see continued gains, but the standard mantra about trusting the steady rise of the index led some of them to a rather unrealistic 'clap if you believe in Tinkerbelle' state of mind. I'm sure they will be fine in the long run, but I will have slept better.
And thanks for the new board....
dwerme
No. of Recommendations: 1
And thanks for the new board....
dwerme
I thought you were lost. With whom then to celebrate if one day we both move to Entrevaux (Portugal now?) indeed, without knowing that?
No. of Recommendations: 5
I didn't do quite as well as Buffet did in 2022.
My total return for 2022 was -3%, and it probably would have been a lot worse if I did not have 40% in BRK.
My worst losers were in big tech and asset managers:
Intel: -45%
T. Rowe Price: -42%
Microsoft: -28%
Apple: -26%
Blackrock: -20%
I have some doubts about Intel, esp. the huge cap spending needed just to be competitive with Asian rivals. But I am happy to hold on to the others. I even added to asset managers. Equity markets go up in 8 of 10 years and AUMs with it, so asset light AMs with high operational leverage will outperform greatly in bull markets again.
My best performers were: health care and insurance:
McKesson: +52%
W R Berkley +34%
Progressive +27%
Several consumer staples, discount retailers (Pepsi, JNJ, Dollar General, TJ Maxx) provided single digit returns. A big disappointment here was Pfizer, which continues to lag even in the best of times.
A lesson for me. I have average stock picking skills, if that, so diversify.
And try to get out of stocks the market hates like Pfizer or Intel earlier, even if I have to pay capital gains tax.
Thanks again to Buffett.
