4 ms·
He's one if the few big managers that managed to dodge the 1989 Japan bubble, the 2000 tech bubble and the 2008 housing bubble while still making money. Mean r
by xqcgrek2 5y ago
He's one if the few big managers that managed to dodge the 1989 Japan bubble, the 2000 tech bubble and the 2008 housing bubble while still making money.
Mean reversion is a powerful force.
- lotsofpulp 5y agoHe also missed out big time on tech companies’ growth after 2008, and made some bad investments in IBM and Kraft Heinz. Seems like the biggest thing propping up BRK returns is AAPL, which is currently 25% of BRK (by market cap).
- deleted 5y ago[deleted]
- adg001 5y agoHe reaffirmed over and over again that he only invests within his sphere of competence and made clear that IT companies do not fall within the said sphere. Not investing in the said tech companies and remaining consistent to the markets he mastered best was a deliberate choice and one of the main reasons for his success.