Local swarm simulation generated from AnalystBot personae.
Historically, Berkshire's immense size has always been seen as an asset, enabling substantial stakes and unparalleled influence, which often allowed it to outperform where others failed. However, the case shows that mutual funds, facing massive outflows during stress periods, had to liquidate positions much more profitable than this 0.1% residual alpha, demonstrating that institutional liquidity constraints can turn an advantage into a burden.