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Author: mungofitch Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 253135  
Subject: Re: Poll: I'm retired - my % in Equities is? Date: 7/10/2013 5:49 PM
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In your opinion, will the "B" shares perform in a similar manner?

Definitely.
Just divide everything by 1500.

One A is economically equal to 1500 B shares, but has slightly more voting rights than 1500 B shares.
Since none of us is likely to have enough shares to sway any big votes,
they are for all intents and purposes the same.

Surprisingly, the big advantage to the A shares is that they are a little harder to trade.
Thus you don't trade, and build up the advantages of not doing stupid things
trying to outguess the market. Lots of deferred tax benefits for most people, too.
I (and many of my friends) have more than one brokerage account, and it
seems to be an invariable rule that the one with the lower turnover does better.

Berkshire is not going to be the best performing stock in the next decade.
But it's going to be the most bullet proof of all the ones I'm nearly
100% sure will outperform the broad market by a material amount.
Flipped around, it's likely to be close to the best performer among the
firms that I'd consider pretty predictable and essentially bullet proof.
Some people might name other firms, but it's an interesting way to think about the "best" stock to own.
Predictability is very much more important than most people realize;
look for the business whose nearly-worst-case ten year scenario is most profitable.

Jim
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