Subject: Re: OT: big companies
"What I object to is the constant assertions over the years that the S&P 500 was overvalued relative to Berkshire. Those assertions were just plain wrong. Let's look at the annual return numbers over the past 5, 10 and 15 years. Easy to do using PortfolioVisualizer.com. "

Great post. Dedicated Boards like this tend to become echo chambers since many of us are heavily invested in Berkshire. Your point on the S&P performance is spot on. Of course, the argument you may get back is you can pick any start and end point. 15 years is long enough.

As Charlie says, you want to understand the bear case better than those supporting it.