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Berkshire Hathaway Stock Portfolio: At Risk of Resembling an Index Fund?

BRK is not a mutual fund investing only in listed equity. Have you forgotten the operating companies? The growth in float and cost of float from the insurance subsidiaries is much more important in valuing BRK not the constituents of its portfolio.

PID: International Dividend Achievers for Diversification

Note PID may not be as diversified as you imagine. Over 30% is in financial services, even after the big correction. Also turnover is very high at 44%.