“Ben Felix Is Mostly Right, But Where He Isn't Is Extremely Dangerous!!!”
BRK.B outperformed the S&P 500 over the last 25 years because its profits grew 14x vs the market's 6x.
Buffett's lack of success in the last 20 years,
Warren Buffett discussed this in 1984 and how he outperformed the market, and if you follow that, you will continue to outperform the market. But Ben says that more than 20 years have passed now and Warren Buffett has not outperformed the market.