A source of strength is that the firm has been skilled at holding onto portfolio management talent, providing continuity for strategies, as shown by low turnover over the past five years compared with others in the industry. The firm’s lineup has demonstrated industry-average durability. Its five-year risk-adjusted success ratio is 50%, meaning that 50% of strategies have both survived and beaten their respective category median on a risk-adjusted basis. A firm's success ratio indicates relative performance and provides insight into a firm’s discipline around investment strategy and product development. Main Management open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Main Management's rating.
Berkshire Hathaway: 5 Main Takeaways From the 2023 Annual Meeting
Here’s what you need to know.