Buffet is the guru dejour because his portfolio did well during the last downturn. The truth is he holds a lot of dogs including KO. Maybe he should sell that trash.
By the way there are some better performers then berkshire and they include GE and MMM. These companies pay dividends and the reason why you buy stocks is the promise of future dividends ( not earnings) and Berkshire has been around long enough and has failed to provide that buffer ( no pun intended).
People love to put a face and a personality on investing and they make Warren the poster child. But they forget that Buffet was not a house hold name when his portfolio really sucked. The truth is boring stocks like Ge, IBM and MMM will take you to the road to riches faster and more safely when you consider they pay consistent divs. That said I'll buy Berk again when it falls to 2500. But I would really like to get my hands on MMM at 75, GE at 32.5 and IBM around 80.
BTW Zimmer Holdings to Present at Banc of America Growth Conference in San Francisco on September 22.
The Big Chart link I posted in my pervious posting evidently doesn't allow one to cut and paste in a link any changes made to the basic chart?
So, if you use this link and then put in a twenty year timeframe of 9/19/1984 to 9/19/2004 for BRKA and then add GE, MMM, and IBM stock symbols (using the compare feature) you will see that BRKA has blow the other 3 stocks you hyped out of the water in terms of performance.
1) BRK is not an investment portfolio it is an insurance company.
2) Selling KO would trigger alot of taxes. Not the best reason to hold but understandable. Because of the size of the KO position I am not sure BRK could sell it anyway. Also the future is all that really counts. Buffett has predeicted a lower dollar and flat to crummy stock market. Thus far he is right.
3) "better performers then berkshire and they include GE and MMM"
ALthought the future is all that counts in the past BRK has bested GE and MMM: