Warren Buffet's Berkshire Hathaway has massively outperformed SPY since mid-2007. (See the chart above.) Can such out performance continue? Buffet has stated that the market and Berkshire will have lower returns going forward. Berkshire Hathaway has a PE ratio of about 15 while several of the stocks Berkshire owns (especially the financials) currently have a noticeably lower PE ratio. You might consider purchasing some of the same shares Berkshire owns and avoid any 'Oracle premium' for Berkshire.
The Oracle's power to suspend market forces is limited. Buffet's offer to insure municipal bonds has not helped the municipal bond market which has taken a big hit in the last couple of weeks.
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