### Comment:
Tot return of BRK is 198%. Tot return of SPX 156%.  
  
 Depending on your comparison dates the returns will change. But if you look at tot return over the most recent decade, BRK is inferior. Your money can be put to work, for even a boomer, in much better names  
  
 Whatever Buffett’s advantage was is long gone. He had a great run. https://imgur.com/a/dL7SMgC

### REPLY:
20% of BRK is US treasury bonds in order to have cash to spend available during a downturn. 
  
 Comparing it to an all-stocks portfolio isn't an apples to apples comparison, especially if you are doing it over a decade-long bull market 
  
 (Actually it's treasury bonds with 2x margin iirc, because he's one of very few people who can borrow money at a lower interest rate than the national government)

### END.