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Re: fung_derf post# 815

Wednesday, 09/14/2022 12:56:43 PM

Wednesday, September 14, 2022 12:56:43 PM

Post# of 1127
Nope, BRK's success is mostly tied to the free leverage from its insurance holdings and the fact that Buffett is damn unique in not chasing fads and in not panicking. Buffett is the exact opposite of an Ihubber.

Most investment funds would perform better with less portfolio turnover. Heck even BRK would likely do better with less trading (ask Munger about that).

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