This morning's appearance on BNN afforded me the opportunity to elaborate on several aspects of the Buffett commentary below. What may be of interest is the above chart* (click image to enlarge), which relates to a point noted by one of the program's hosts: the below market performance of Berkshire Hathaway (BRKA) since the start of the current bull market.
My response in the interview was that perhaps the underperformance has something to do with the fact that we are now in a new era - one in which those extraordinary investors of the past several decades may be less suited for.
Perhaps Bill Gross is on to something. Or is he just on something?
To view the BNN TV segment, click here.
*The chart includes the two infrastructure plays mentioned in the interview.