Jul 23, 2018

I guess maybe the restructuring from Google to Alphabet worked. The idea was based on Berkshire Hathaway, another company with unusual growth. (http://www.berkshirehathaway.com/letters/2017ltr.pdf)

May 23, 2018

There are other conglomerates.

Berkshire Hathaway is an extremely good example. It includes a wide variety of companies that like to spin off cash, such as See's Chocolates, combined with a core insurance company that could need access to very large financial reserves. According to http://www.berkshirehathaway.com/letters/2017ltr.pdf they are operating under the assumption that a $400 billion catastrophe has a 2%/year probability, and they are prepared to weather such an event.

Another good example is Amazon. They are the humble bookstore that does everything from web hosting to delivering groceries.

Apr 25, 2018

A fool would judge their algorithm based on ANY single year's performance--up down or sideways. Moving averages over 5 or 10 years are what matter.

Check out Berkshire Hathaway's performance. There are plenty of years they have UNDER performed. But they are doing OK.