Warren Buffett's company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) thumped the stock market in 2022. The market is largely outperforming right now due to the belief that inflation has peaked and is finally heading south after consumer prices shot up in 2022. Rising rates tend to hurt a lot of stocks because they make the cost of doing business more expensive and reduce the future value of cash flows.