Bears Still Getting Hustled By the Old Man

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Despite plenty of noise and volatility in-between, not much has changed from a longer-term perspective since last July when I offered the bullish thesis that Berkshire Hathaway was leading the market higher in this blog post. As I have noted for a while now, Berkshire has become increasingly economically-sensitive over the years, making it a better candidate to observe as a proxy for the broad market.

Currently, Berkshire is not far from all-time highs hit back in 2007.

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