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Berkshire Hathaway Inc. Message Board

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  • napart napart Nov 2, 1998 9:48 PM Flag

    Dear InternetSurfer2000

    BRK is ALWAYS static when the DOW is up... Hang in there. We'll finish up the year higher than we are now.


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    • when brk was moving along briskly some months ago
      it had many days when it acted inversely to the dow,
      like bonds often do. it seemed investors looked upon
      brk as a haven from the market. now brk may be moving
      inversely to the market again, which would be a very good

      • 1 Reply to catch20two
      • In a working paper that I am working on, I found
        out that during the years that S&P500 took a dive
        south, BRK outperfomed it by a 27.7% margins, while
        during the whole period under study, we outperformed the
        index only by a 12% margin. During those years that
        S&P500 returned between 0 to 12.9% (which I termed
        normal years), we outperformed the market only 11%, and,
        surprisingly, during good years (ie when the broad index
        returned more than 12.9%), we only outperfomed it by

        So, as you can see, we actually do better (relatively
        speaking) during stock market plunges!

        reasonably speaking, this feature should, ceteris paribus,
        make BRK to be treated like bonds by the market.

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