No. of Recommendations: 10
Jim, what are the results for the past 15 years ending 12/31/2025? Thank you.
In the 15 years just ended Jan 23, the S&P 500 total return (before dividend tax) beat Berkshire's price by 1.32%/year.
(Berkshire's price rose 12.64%/year, and known book per share rose 11.82%/year, both figures without inflation adjustment)
That's just one specific pair of dates, of course. For exact 15 year intervals ending on any date between the start of last year and today, you get a difference ranging from advantage SPY 2.12%/year to advantage Berkshire 1.06%/year. Not much in it either way.
As is pretty well known, the S&P has done pretty well in the last few years. Almost scarily so, depending on your philosophical outlook.
Jim
