Who would have thought FRFHF will be negatively correlated to BRKA. See the charts over the last few years. My thinking as a decades old owner of both the stocks was FRFHF will generate amplified returns of BRK. Since 2008, we learnt Buffett and Munger are better Micro as well as Macro Value investors. While FRFHF makes a one directional bet that the Fed's balance sheet is over leveraged, BRK took a position we will not fight Fed. Now I understand BRK Wisdom and not just FRFHF knowledge!