Not since the prophecies of Nostradamus has such a prediction been fulfilled.
On 11/11/2013, I posted a column on what I was pleased to call the phenomenology of buying Berkshire Hathaway. It described the enthusiasm with which investors hop on the Berkshire train when it is doing well, only to become disenchanted when its momentum falters. Overcome with post-purchase dissonance, they find reasons to throw in the towel. Then, under the cosmic law of karma, they are punished by watching Berkshire's price rise 50,000 points from the sidelines. You can read it here.
At the time, Berkshire A-shares were selling for $173,485. Ripped from today's headlines, as of 11/26/2014 Berkshire Hathaway has reached $224,070.72 intra-day. In other words, it is up $50,000 since I wrote the piece a year ago -- about 10% more than the S&P 500 over the same period.
This could have been yours:
