Most investors know just how great of a stock Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has been over the last five-plus decades. 2022 is one of these years where Berkshire stock is showing its prowess, easily outperforming the struggling S&P 500, which first entered bear market territory in June. The good news is inflation looks to have peaked, and Cincinnati has been able to increase premium prices recently, which should help the company's core insurance business next year.