Berkshire Hathaway's Strong Performance

Berkshire Hathaway has significantly outperformed major indices, showing a 200% increase over the past five years, largely due to strategic investments, notably in Apple. While holding a substantial cash reserve, Buffett’s approach proves that having cash isn’t necessarily detrimental to investment performance; rather, it provides the flexibility to make informed decisions. Despite the cash position, Buffett’s longstanding principle of investing within his circle of competence remains evident. The company's results highlight the advantage of patience and focusing on quality companies rather than succumbing to market noise.