
Collection: Charlie Munger - #47 'Why Wouldn't Berkshire Just Invest In The S&P?'
Video Link: https://youtu.be/EtJYLuKkrsM
In this episode, Charlie Munger was asked has Berkshire Hathaway equity portfolio outperformed the S&P over the last five or ten years? And if it has not, why wouldn’t Berkshire just invest in the S&P for its equity portfolio?
In this episode, you’ll learn:
Why wouldn't Berkshire just invest in the S&P?
What is Charlie Munger comments on the stock market in 2019?
To check out all Collection: Charlie Munger <click here>
[Transcript]
(Source: https://youtu.be/X1Oi3esiry8)
AUDIENCE MEMBER 00:08
I'm curious has the Berkshire Hathaway equity portfolio outperformed the S&P over the last five or ten years? And if it has not, why wouldn’t Berkshire just invest in the S&P for its equity portfolio?
CHARLIE MUNGER 00:27
I think Warren, who is after all a mere boy of 89, thinks that Berkshire can do a little better than the S&P.
From this point. I don’t think many people can, but he may be right about himself and the team he has in place. It won’t be by huge margins, that I confidently predict.