Thread

Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

323 points · 221 comments · saimiam

Zaraif13 · 1789751391 · focus · HN ↗
To anyone who owns BRK-B shares (or BRK-A if you have that kind of money), over the next decade your money will likely grow on par with if not at a slightly higher rate than keeping it in an S&P 500 Index fund. Regardless of board or management changes, BRK will stay a better long term bet than an index fund. Both options have similar amounts of risk.
1. throwaway2037 · 1789807629 · focus · HN ↗
  This is a pretty bold claim, but it is HN talking about investments.
  From here you can compare BRK vs S&P 500 historical performance: <a href="https://www.alphaspread.com/comparison/nyse/brk.b/vs/indx/gspc" rel="nofollow">https://www.alphaspread.com/comparison/nyse/brk.b/vs/indx/gs...
  In the last 10 years, their returns are nearly identical. However, each decade that you look back, BRK does better and better. But think about that: It's actually slowing down over the last 50 years. I predict will be equal or less the S&P 500 for the next two decades. BRK hardly invests in anything high tech (including bio-tech). They will be missing out on many hypergrowth opportunities.

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