
107: Byrne Hobart - Bubbles, Finance and the EMH
Narratives w/Will Jarvis
Is It Just a Consequence of the Size of Berkshire?
Doi: Is it just a consequence of the size of berkshire, and it's just more difficult to find like a, you know, alpha or buffet? A. I think crystallized intelligence does pay good returns. And ther've been investors, hove been able to persistently perform for a long time. Although, ey, they do have to adapt. They do have to choose different strategies. Doi: But i think if you looked at berkshire hathaway and backed out how much cash they actually need o you'd see a business with better performance and just a little more volatility.
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