what's the attraction of BRK vs just a general market mutual fund ? With no div, you are just going on building equity.
And how's that been working compared to the general indexes ?
The reason that Berkshire has worked over the years was
leveraging insurance premiums to buy quality stocks!
Their borrowing costs are zero on less on these billions
of insurance premiums!
The US government is now offering " free money" via low
interest rates to anyone who needs it!
Couple this with a CEO that is approaching his "last years"
and you have a problem-no demand for the stock!
Berkshire stock -now selling for book value-never seen in
Would I be a buyer-no!
"...all the shares he's given to the Gates foundation will further depress the share price as they are sold off."
Kindly explain why you think my reply was not "on topic."
(And if you hope to reach be my age, you should try to lose your crankiness!)
Let me pick a different point of reference and I can show you some utterly horrible comparative numbers.
It is fair to ask what has he done lately. It would indicate that he's lost his touch big time. Moreover, he's become a big time huckster knowing that all the shares he's given to the Gates foundation will further depress the share price as they are sold off.
He had a good run but that was then.