u/Pete26l96

This is an old quote but I'm putting this out there because a lot people both invested and not invested in Berkshire seem to have the completely wrong idea about what Berkshire is trying to accomplish.

Buffett has repeatedly gone on record stating Berkshire's goal isn't to outperform the market, but to acquire high-quality/durable businesses that can compound earnings while maintaining a very high degree of confidence in preserving capital.

Judging by their recent earnings, they are doing exactly as intended.

While it's true that the company is sitting on a lot of cash and has missed a lot of potential gains from last years and this years lows, again, the company is not focused on optimizing gains at the cost of other principles such as investing outside one's circle of competence, and investors of Berkshire need to understand this.

Berkshire's management specializes in insurance, industrials, retail, and infrastructure. Given the current mania about AI/technology, it's a given that Berkshire will underperform the market, considering they are very strict about investing only in what they know.

From a personal perspective, I sold out of BRK.B a couple of years ago when Buffett expressed his skepticism of AI. My own personal experience working at a hospital and seeing robotic assisted surgeries (Davinci Resolve) was what I needed to conclude AI had tons of potential. I still think Buffett is one of the greatest of all time, but I think as the world becomes more and more technological, that Berkshire's returns will be less and less.

For those that think AI is a bubble, however, Berkshire should still remain an attractive investment in my opinion.

EDIT: Forgot to mention, I am aware Buffett is not the one making decisions anymore.

This 💩 is headed to $220 LOL

There is a reason why Warren Buffett sold off his position recently, I'm not going to pretend I know more than him 😎