S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media

to bring you unscripted interviews and breaking commentary direct from Wall Street,

right to you on Main Street.

How's it going out there? It's Wednesday, March 6, and I'm Frank Curzio,

host to the SNA Investor Podcast, where I break down the headlines and tell you what's really

moving these markets. So big news this week was Warren Buffett.

At least his annual letter about Berkshire's performance.

Went on C.M.C. with Becky Quick.

Discussed a performance figures.

Overall view in America in stocks.

You know, starting out with this letter, you know, Buffett said. overall view in America and stocks.

You know, starting out with his letter,

you know, Buffett said, hey, I'm disappointed.

So it's only the ninth time Berkshire's book value

rose less than the S&P 500.

So he's disappointed even though book value went up 24 billion dollars.

It's a big disappointment.

The real reason he's disappointed is he didn't keep pace with the S&P 500.

That's important, you know, he, for a fund manager for anything, I mean that's your benchmark.

That's just called a benchmark.

Sometimes people ask me, what is a benchmark?

You know, I try to provide this

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