Yes, BRK is now too big to beat the S&P.
But when we remember that Berkshire has a big cash cushion, something like 23% of assets, yet still matches the S&P performance, then it is a feat.
And if the market takes a bad tumble, Buffett will get a chance to show his prowess by deploying that cash.
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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