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Arthur Clarke's avatar

I agree with your puzzlement. IVV--cap-weighted--is up 24% YTD, while RSP is up only 12%. I’m less likely to buy IVV today, but RSP? The advantage we have owning a company like Berkshire is that we have a large margin of trust in a doorman who will help to keep us from doing something stupid. And Charlie has noted that avoiding stupidity is likely to be our main source of success. Has for me!

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