Locator: 50722BRK.
Six-year-old grandson trying to figure out why AAPL did so well today, and BRKB did not:
See the blog's disclaimer.
10 to 1 odds: not one analyst, not one talking head on CBNC, not even Becky Quick will address these two charts downloaded within 30 seconds of each:
The US market:
BRK-B: holy mackerel -- and then think about this -- AAPL is having one of its best days ever; AAPL is BRK's biggest holding -- to be negative today, literally all of BRK's publicly traded companies must be doing incredibly bad to pull down BRK despite AAPL surging. And or, the sentiment of BRK's investors have given up on BRK. BRK proves the exception to the rule: generally the stock of a company with a new CEO rises. Investors love seeing a new CEO in the vast majority of such cases.
Again 40% of BRK's market cap is tied up in cash. Market cap: $1.01 trillion; cash, $400 billion.
