BRK.b – I think they can do better than the market. I have one of the best asset allocator working for me. And WB have put the excess cash to work in the last few months, and you will see the results in the coming decade.
MKL – I think they can do better than BRK.b, because they are much smaller than BRK.b.
LUK – I think they can do better than the above two, it’s a lot riskier than the above and I am betting on the jockey here. Looking at the past, they have done a wonderful job, and I am betting they will do good going forward. Its my steroid.
I also own BAM, FAIRX & SEQUX which are 6%, 5% & 6% respectively.
Why don't I own only one and put 100% on it?
I am not looking for home runs.
There is no guarantee that the past performance can be repeated.
I am not smart enough to know which one is the best going forward.
I don't feel comfortable, owning just one stock.
But what I know is that the people who run the above stocks and funds are honest, have sizable part of their net worth invested in them along with mine, and they will do everything to increase the net worth.
On average, I think I will do fine holding the above.