Strategist Richard Bernstein on Successful Investment Themes of The Past and His Favorite One Now 

Active management is a waste of time. Rotating in and out of stocks or sectors is mere busy work. The 5 year performance of AIRR=156.80% versus QQQ=157.02%, VGT=174.72%, VOO=84.99%. AIRR matched the QQQ and beat VOO, but VGT was the clear winner.

I GOT INTO VGT BECAUSE OF MY DISDAIN FOR FB. THEY DON'T OWN FB. VGT LESS fees then QQQ.

@@sunrizen GOOD INFO SUN

I think long run is subjective. The fact is most active mangers do not but some very talented ones have and do/did. The catch is do you think you can identify and pick the few relative to the universe of active managers. The answer is most likely not. Even if the funds managers do extraordinarily well like Peter Lynch did with Magellan fund (29.2% average over 13 years) . After he left the fund never regained it's market beating performance

​@@sunrizen recency bias here. While I don't disagree with the facts you stated. The time frame matters. From 2000 to 2014 qqq was negative returns compared to small cap stocks that returned a postive 136% give or take. Now if you could bear to keep dollar cost averaging over thos 14 plus years eventually you were handsomely rewarded. The fact is most investors tapped out after just a few years of negative returns when they saw others making money. It's easy to see in hindsight but very different when you are watching hundreds of thousands of your dollars disappear and keep going nowhere for over a decade.

l finally had to cave and enter The monopoly Ai Stocks like NVDA MU msft. I can no longer wait for small caps to recover. America has allowed 7 companies to put all others out of business. Not much I can do to end the monopoly ,since I can't beat em I had to join them. Politicians are too addicted to 100 million donations to stop this. A $2000 limit per donor is what we need.

l bet Consuelo is not fond of CNBC, who pushed out senior hosts often.

Guy had a podcast and still might.

Active managers can slant the returns by choosing a period that favors them. Everytime I see a guest say we outperform last 5 yrs. I bring up a chart they did outperform in 5 yrs and the under perform all other periods.

I avoid Eem

Agreed if you are looking for a smooth talk. I am interested in good market returns, this is where the guest is missing the mark.

Since 2009 the S&P 500 index has beaten Berkshire Hathaway by some margin. I'm no expert, but I think the shear size of Berkshire Hathaway's funds under management may be impacting upon it's performance

Yep! And what stock has Berkshire been consistently buying? Their own stock, Berkshire Hathaway.

@@fredatlas4396 Buffet admitted BRK is too big to outperform ,he told his wife better to "go into in SP 500. Your better off"

@@oppenheim2 I am puzzled at BRK website it must be old news the stocks he own like Coke. Sees candies, Rail lines, private jets co. Clothing makers. No way these make 24% a year ,window dressing. I bet he leverages.

@@oppenheim2 And Berkshire Hathaway does have some money invested in the S&P 500 index, Voo & Spy etfs

@Tonymanero1960 Warren Buffet said you don't need a high IQ to be a good investor, you just need 2 qualities a lot of patience & self discipline

I hate the rocket term too. If True Elon would have Buffet returns.

@@fredatlas4396 Warren has become too big to outperform like he once did 24% a year for 25 years. He said this himself "If I didn't have so much money I could make a killing now'' .in a down market

Why would anyone want a dividend and pay tax annually the return on div funds same as brkb and i have no taxes due. Only retired people might need a dividend if withdrawals on divs are a lower tax rate then cap gains.