Lines and breaks... that's just what it is... Lines go up, breaks go down... In the end, it all looks like this: It just depends on timing... unless you buy-and-hold forever... that's why WB outperforms because he doesn't focus on timing, but on value. And buys more on the breaks. Also, this is I think mainly because of inflation and population growth. So... when population growth stalls, and eventually inflation stalls as well... this will be a flatliner....