Subject: Re: BRKB vs SPY last 5 years
Rational Walk is a great resource on many levels

I went back 10 years and Berkshire beats the market as well with dividends reinvested

Doesn't quite beat it on 15 years

Since 3/4/2011 through yesterday, Berkshire 13.5% versus 12.99% on the SPY- obviously the SPY has tax consequences attached to it

This exercise does not prove anything about the future, what it shows is starting points matter and data can be manipulated to be made to look a certain way