Buffet FB is buying index funds. He has given up
One can argue his huge investment in Apple was his elephant.
It’s not a bad problem to have.
Here is the question: Can you work better than yourself?
The question seems to be ODD, you may scold me “Are you mad?”
They same is for Buffet:
BRK is one among the big companies in S&P and his holdings, like AAPL, AMZN, JPM…etc" are the major part of S&P.
He has to find a better company that outsmart all his holdings. In short, “he has to win over himself” as his holdings are big part of S&P.
That is really tough as they became big. With their old methodology, it is very hard to beat themselves.
There are plenty of elephants around Dec 2018-early 2019. WB is asking for the sky.