I was bullish for 2019 but I sure didn't "expect" the markets to gain over 20%
I was somewhat surprised that Warren Buffett's Berkshire Hathaway (BRKA) only gained 10.9% in 2019 as shown in the graph below.
In 1999 Buffett's fund actually lost about 19% as investors poured money into technology bubble stocks like Qualcom, Micron (MU), and AMD along with many others that eventually went bankrupt. Of course, his value stocks did great when the bubble collapsed and money started looking for earnings and dividends again.
Now Buffett owns a lot of Apple (AAPL) and Amazon (AMZN) which may explain positive performance in a year my top holding and tech stock gained 115%.
We'll have to keep an eye on it for sure.
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Values by Year