
2014-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Oil Sand Production Is a Very Special Business
I promised a group some people six years ago I made a bet for charity on how a a index standard of course 500 index fund would compare and performance to a group of hedge funds. We're now we're now six years into the bet and it's interesting because the people who select these funds are very decent people and smart people. The first year the fund the fund groups in a down market did considerably better than the S&P but as you can see in the five years subsequently the S&p has been running away to some degree.
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