to his wife.
It’s been posted before (in comments section - not thread topic) that Warren recommends his wife/widow (upon getting inheritance after her passing) put 90% of her wealth into the S&P 500 and 10% into short-term government bonds (to weather downturns). There‘s an elephant in the room begging the question why not keep it in Berkshire or, at least, some of it in $BRK?
Is that a tacit admission that he doesn’t think Berkshire will beat the S&P 500 going forward? It’s interesting given how he seems to think the market is overvalued and presumably Berkshire can buy up good assets with all that cash it has during any corrections/bear markets. Yet, he still thinks she shouldn‘t hold any Berkshire and go all-in into VOO.
Thoughts?