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Comment on Berkshire Hathaway 2018 Annual Shareholder Letter [pdf]

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Looking at the numbers in the first page of the report, I'm asking myself if it makes more sense to move my index funds to BRK.B? Thoughts?

Those numbers are skewed by the fact that BRK dramatically outperformed the index for the first twenty years. More recent performance has not been so stellar--and Buffet repeatedly says that the returns will be less the larger BRK gets.

You should read a bunch of the annual reports and decide if it makes sense to move any of your funds into BRK. If you decide it is a good idea, Buffet bought back stock when BRK.B was around $207 (you should probably research this to be sure), so anything under that is probably a good price. (Above it might be a good price, but we know that at or below was a good price in Buffet's eyes) as of 2018.

History is not indicative of future performance, though an index is more diverse and less risky than BRK.

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