
Since Warren Buffett's retirement announcement in May, Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has trailed the S&P 500 by roughly 26% — the steepest divergence in decades.
Critics say he completely missed the AI-fueled rally, but veteran investors know this script: Buffett often underperforms at the top of the cycle — only to swoop in and capitalize when the bust begins.