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EP 333. Q&A: Berkshire Buybacks, Company Culture, Sourcing Ideas, Is Geoff Bearish?

Focused Compounding

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The Stock Market Was Harder Than Two Thousand Six

If your portfolio went up this year more than the earnings of the companies that you own, compare those two. Am you kind of pulled forward some future performance to to day? That's what that means. And so even if your earnings grew at ten, 15 % this year, you pulled forward a lot of performance,. ecause your profority is probably up more than that. If you read my feelings inlike, two thousand seven to the end of two thousand six. First half of two thousand seven or something, stock prices weren't really coming down in any sort of things yet. The price was across the board, kind of a little expensive. Two thousand seven was harder than dot com

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