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# Berkshire Hathaway: Why I Still Think It Will Likely Underperform The Market (Archive)
- URL: https://www.huntingalphas.com/berkshire-hathaway-why-i-still-think-it-will-likely-underperform-the-market-archive-copy/
- Published: 2024-03-18T07:54:00.000Z
- Updated: 2026-02-27T09:46:55.000Z
- Description: Apple concentration, manufacturing weakness and fair-value valuation point to negative alpha ahead.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, BRK.B, Financials

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Berkshire Hathaway has outperformed the S&P 500 by 6.75% since my last article's "Strong Sell" view. However, I am retaining my bearish view on the stock.
- The numbers show that Apple is a key needle-mover for the Company. Stagnating iPhone sales and uncompelling valuations are material headwinds.
- The US manufacturing sector has been contracting for many consecutive months, and this is an overhang for Berkshire's largest operating EBIT contributing business segment.
- An updated P/B calculation taking stock of equity investments' movements says Berkshire is trading near the fair value range, which is a risk to the bear case.
- Relative technical analysis of BRK.A vs. the S&P 500 points towards negative alpha ahead.

Read the full article [here](https://seekingalpha.com/article/4678812-berkshire-hathaway-stock-still-think-it-will-likely-underperform-market?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*