Comparing Berkshire to Gold. I will tell you why Gold will win
1. Berkshire is a legacy of Buffett/Munger, now with neither in the helm, its future could be a lot different to the past. Their wisdom cannot be replicated. That is the risk in stocks, its fortune is only as good as its management. But for Gold (not gold stocks), it has no counterparty risk of any kind
2. Arguably we are entering the same period from 2008, when Gold significantly outperformed Berkshire.
Buffett is the single-greatest asset allocator in the history of financial markets. Yet when you tally up the score, all Buffett essentially did was match the performance of gold over the past 25 years.
https://x.com/1MarkMoss/status/1920871239913992426
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