Subject: Re: 2025 and 2000-2025
Here's another look at those value funds. Data from https://testfol.io/
Value Funds 1995-01-03 - 2025-12-31 CAGR total return
Berkshire (BRK-A) 12.36%
Dodge & Cox Stock Fund (DODGX) 11.65%
S&P 500 (VFINX) 11.01%
Oakmont I Fund (OAKMX) 10.92%
Vanguard Windsor II (VWNFX) 10.65%
Weitz Value Fund (WVALX) 10.23%
Gabelli Equity Inc Fund (GABEX) 10.14%
Vanguard Value Indx (VIVAX) 9.85%
Legg Mason Value Trust (LMVTX) 9.43%
Third Avenue Value Fund (TAVFX) 9.27%
Muhlenkamp (MUHLX) 9.10%
Longleaf Partners (LLPFX) 8.15%
Tweedy Browne Value ((TWEBX) 7.99%
Sequoia Fund (SEQUX) 4.97%
https://testfol.io/?s=5DPgBUi1...
Data for Clipper is bad.
Beating the S&P500 has been difficult. That's not to say the fund managers haven't been personally successful, they all have ;-)