Post #9378 by palmersq on the Berkshire Hathaway board

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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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I revisited this old post and am confused by this.

If you managed a near perfect zero profit over 22 years (assuming your portfolio size is much bigger than your annual profit), doesn't it mean you are underperforming the S&P 500 index by more than 10% per annum?

I must be grossly misreading this?

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