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Bristlecone Blog

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Productivity and Prosperity

Amidst the backdrop of extreme partisanship in this year’s presidential primary–and prevailing negative talking points on the state of the union–Berkshire Hathaway’s 2015 letter to shareholders offered a more optimistic take on America’s future. Berkshire’s 85 year old CEO, Warren Buffett, reflected on the growth in living standards during his lifetime:

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Merger Mania Under Scrutiny

In our Q2 review, we pointed out the exceptional long term performance of health care stocks, and in particular, the improbably strong performance of pharmaceutical and biotech shares (noting that about 70% of the companies in the Nasdaq Biotechnology Index had not even reported a profit over the prior twelve months).

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