Hagstrom’s comments include:
- The of 2008 was the worst 10 year lagging period for the S&P 500, Buffett was surely aware of this when he took the market vs. hedge funds bet that he is now leading on.
- Hedge funds typically do well when markets are sideways or negative, it will be interesting to see how they do in a long bull market.
- Hagstrom thinks Berkshire (BRK.A, Financial)(BRK.B, Financial) is clearly cheap and that the market is pricing in zero future growth.
- Hagstrom thinks both Berkshire’s equity portfolio and operating businesses will grow significantly.
- Alice Schroder made the comment that Buffett’s investing acumen of late has been underwhelming. Hagstrom agrees that over the past couple of years Buffett has underperformed, but on an reasonable length of time Berkshire and Buffett have outperformed.
- Schroder’s 3 year period of assessing Buffett is not fair because the market has been straight up, and in a sharply increasing market Berkshire (which is such a large company) will underperform.
- Hagstrom is pleased with the Apple (AAPL, Financial) dividend and stock buyback, but thinks it should have been more aggressive.
Also check out:
- The of 2008 was the worst 10 year lagging period for the S&P 500, Buffett was surely aware of this when he took the market vs. hedge funds bet that he is now leading on.
- Hedge funds typically do well when markets are sideways or negative, it will be interesting to see how they do in a long bull market.
- Hagstrom thinks Berkshire (BRK.A, Financial)(BRK.B, Financial) is clearly cheap and that the market is pricing in zero future growth.
- Hagstrom thinks both Berkshire’s equity portfolio and operating businesses will grow significantly.
- Alice Schroder made the comment that Buffett’s investing acumen of late has been underwhelming. Hagstrom agrees that over the past couple of years Buffett has underperformed, but on an reasonable length of time Berkshire and Buffett have outperformed.
- Schroder’s 3 year period of assessing Buffett is not fair because the market has been straight up, and in a sharply increasing market Berkshire (which is such a large company) will underperform.
- Hagstrom is pleased with the Apple (AAPL, Financial) dividend and stock buyback, but thinks it should have been more aggressive.
Also check out:
