Last week we highlighted the weak performance of BP Capital's holdings since the end of the second quarter. Warren Buffett's holdings, on the other hand, have done extremely well. As shown below, Berkshire Hathaway's equity holdings as they stood at the end of the second quarter are collectively up 10.83% versus the S&P 500's performance of -5.25%. Berkshire's biggest holding, Coca-Cola, is up 6.8%, while his second biggest, WFC, is up 42.5%. Buffett has come under criticism many times when the market is rallying for not owning the big winners. When times get tough though, he always seems to have the last laugh.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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