Quote:
Originally Posted by Sooner or later
He needs to do something. YTD Berkshire Hathaway has underperformed the S&P 500 by about 10%.
S&P 3257 to 3372
BH 342,261 to 316,352
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Buffet/Munger is of the generation that understands RISK...knowing NOT TO GET GREEDY when the risk levels are high. Better to fore go profits than risk losing heavily. That is something that is LOST ON THE SUCCEEDING GENERATIONS...you have always had it good and DO NOT KNOW that the situation can go south on a dime.
The fact you criticize him denotes that you are one of the know nothing flock of Sheep.