Would you rather recieve a certificate for an immunisation, or one for a darwin award.
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Bad US job reports ….markets loved it
Berkshire has beaten the S&P500 over the last 5 years and more or less matched it over 20 years, according to this article:
https://www.morningstar.com/news/marketwatch/20240217240/even-warren-buffett-is-no-match-for-the-sp-500
I'd be happy with that. I don't own it directly only through the usual ETFs/KiwiSaver funds like most of us have. S&P500 plus the odd value fund eg Smartshares US Value (VTV).
Over 30 and 40 years, Brk absolutely destroys the S&P500
https://www.forbes.com/sites/dereksaul/2024/02/26/berkshire-hathaway-stock-rises-to-record-high-heres-how-warren-buffetts-returns-compare-to-sp-500/
I must admit I didn't appreciate how big Berkshire's out performance was during the last 40 years.
"...Berkshire's 271% return over the last decade and 50,799% surge over the last 40 years smashes the S&P's 232% and 4,213% respective gains..."
Anyway looks like a Paramount sized mistake is unimportant and barely worth a mention in this context.
Data all over is becoming mixed ...but our past wisdom does signal which side it will tilt eventually ....best case it's a soft landing or not so hard landing that eps get hit very badly ...small hit is almost certain for bottom thus new cycle to start .
IMO ...NZ is the. most clear case at the moment ...rates path to reduction is almost definitely on cards this year . I am pretty bullish for NZX for the rest of the year and next few too
@causecelebre, yes true. His purchases definitely move markets, possibly less so now I guess.
Hearing about someone like Buffett buying a stock definitely influenced me in the past. Even now I'm thinking: hmmm Oxy. I'm reformed but the pilot light is always on. I just tell myself I do own it albeit in a tiny amount.