FIG trader_

Foreign Investing and Diversification Lessons From Berkshire Hathaway

With all due respect Mr Considine, the last thing that can be said is that his highness was on the ball with regard to international diversification (please read other comments in seekingalpha. $ sourced earnings are still poorly represented even after adjusting for equity holdings and recent investments) In fact, you misrepresent his views on diversifcation generally. He most certainly does not view portfolio diversification (by sector or industry) as important, and has always insisted on concentrating on areas where he has a "competency" (i.e. insurance/financial services). As far as industry representation he "missed" the drug industry surge through the end of the 90's and "avoided" (rightly or wrongly) technology, telecomm, for decades. He only recently started investing in energy. As far as investing i "stable and well regulated" countries, he is tacitly admitting that the US (net borrower) is mortgaging its future. If he would have acted accordingly (to his stated concerns about the $ and deficits) ten years ago, BRKA would be much higher. Give credit where credit is due, but certainly not where it is not due.