He's telling you that BRK's mkt cap ROSE by something like $39 B in 2008. BRKA fell by almost 30%. Ask yourself how mkt cap grows while the stock plunges.
Or, ask daveyab. See what he says.
<<Maybe it's purely by chance that the Man has made billions employing some investing philosophy that doesn't make any sense at all.
Would that answer satisfy you?>>
It's all been luck. This answer is red meat for the Meatloaf crowd. Unfortunately, Geeps will still remain unsatisfied.
<<If you are expecting a rational answer from Todd, Strat, et al, you'll be dead and buried long before you get one>>
......that you can understand.
Maybe it's purely by chance that the Man has made billions employing some investing philosophy that doesn't make any sense at all.
Would that answer satisfy you?
Geeps, however I respond you'd be condescending, hurl insults and you'd still end up being dissatisfied.
So why bother right? Why don't you have Meatloaf give you the answer that you're looking for.
<< To me rational is +-10%. Who knows what he meant, perhaps Buffett thinks rational means +-50% or more? >>
SAT question of the day,
1. BUFFETT is CONfused
2. BUFFETT is full of shit
3. BUFFETT says stupid shit.
4. todd is dumber than shit.
5. ALL OF THE ABOVE
todd you get three lifelines, beach, bunky, and geeps.
I'm inclined to agree with you and I guess we all tend to overlook the 'gentle dictatorship' that is BRK's headquarters because of the performance history of BRK. However that performance hasn't been there for many, many years now. Don't shareholders have a right to ask for some accountability. And, yes, I know the answer from some of the die-hards is "Well...if you don't like it then sell!!" Yes, of course we're not allowed to be concerned about what we own and ask questions as we may offend those who wish to stick their heads in the sand and act like all is well.