Locator: 50698TECH.
So, go contrarian. Sell tech.
Saturday, May 2, 2026
App Economy: AAPL Vs BRK -- May 2, 2026
Locator: 50697BRK.
App Economy:
Abel had a great sales pitch. I believe BRK's benchmark is the S&P 500, long-term. But it would be more interesting to know which investment -- unless it's the S&P 500 ETF -- BRK is really competing with -- such as SCHB or SCHG. For the investor, in other words, if the investor is looking at SCHB or SCHG would BRK be a better investment?
This says it all:
Berkshire Hathaway -- 1Q26
Locator: 50696BRK.
Initial note on BRK's annual meeting was here, but the updates will be tracked here.
At the end of the day: Greg Abel had a great sales pitch but it looked like BRK prefers "collecting" great American companies and not worry about short term gains. Most concerning were Abel's comments on their wholly-owned subsidiary BNSF.
This says it all. Link here. See this post.
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Sales Pitch
Abel had a great sales pitch. I believe BRK's benchmark is the S&P 500, long-term. But it would be more interesting to know which investment -- unless it's the S&P 500 ETF -- BRK is really competing with -- such as SCHB or SCHG. For the investor, in other words, if the investor is looking at SCHB or SCHG would BRK be a better investment?
It's pretty obvious where one should have invested new money this past year if one were to choose between SCHB and BRKB.
SCHB: passively managed; run by computers; algorithms; rules.
BRKB: highly, highly, highly personally run by a small human team.
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Takeaways From CEO Abel's Comments
#2 Ajit, age 65, and by inference, #1 Abel, were both "skeptical" of AI.
Risk is their number one concern.
When it comes to AI, they need to see "safeguards."
Insurance division did well this past year because there were no major disasters, like California fires.
They still like cash: cash horde is now flirting with $400 billion. BRK's market value: $1.02 trillion and almost 40% of that is cash?
Class 1 Railroads In The US -- May 2, 2026
Comment: It should be noted that when BRK bought BNSF many thought the race for #1 among the class I railroads in this country was between UNP and BNSF, with BNSF often thought to be in the lead. If that's true, how in the world did this happen?
Locator: 50695RAIL.
Query:
BRK CEO Abel said there are six Class 6 railroads in the US. What are the six. In addition he said BNSF was ranked fith among the six. What was the ranking of the others?
Reply:
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