Anyone have any thoughts as to why Berkshire has recently taken a large stake in Phillips 66 (the oil refiner spun out of Conoco Phillips a year or two ago)?
You may recall that Berkshire had, about five years ago, sold off its stake in Conoco.
My wife was knocked down by a bicyclist last night. He was traveling against traffic and hit her from behind running a light. She didn't have any serious injuries but was shaken up. I asked if it was a messenger or delivery guy. "No, hipster."
No need to intuit - depending on your exact starting and end points, between March 2005 and August 2015, BRK returned 63.4% and the S&P about 92% (and about 10% better if you count dividends, which you should).