To anyone who owns BRK-B shares (or BRK-A if you have that kind of money), over the next decade your money will likely grow on par with if not at a slightly higher rate than keeping it in an S&P 500 Index fund. Regardless of board or management changes, BRK will stay a better long term bet than an index fund. Both options have similar amounts of risk.
In the last 10 years, their returns are nearly identical. However, each decade that you look back, BRK does better and better. But think about that: It's actually slowing down over the last 50 years. I predict will be equal or less the S&P 500 for the next two decades. BRK hardly invests in anything high tech (including bio-tech). They will be missing out on many hypergrowth opportunities.
I hold BRK stocks and I expect it to underperform the market on average (but also be a very good hedge in case of big downturn).
BRK is in big part short term treasuries then a stock portfolio then a core business (insurance, energy, rail, manufacturing etc.). While it's reasonable to expect the core business to outperform there is no way the whole thing is a favorite to do so because cash is a big drag.
> but also be a very good hedge in case of big downturn
Are you aware that BRK cratered during the 2009 stock market crash? During a crash, except gov't bonds, pretty much everything sells off equally. There is a joke on Wall Street after 2009: During a crash, correlation on all assets goes to one (1.0).
