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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝 SILVER
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Number: of 22352 
Subject: Re: Owners Manual still relevant?
Date: 06/26/26 12:20 PM
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No. of Recommendations: 16
For me, the key thing is whether the *value* of a share (not price) is rising faster than the *value* (not price) of the S&P 500.
I believe that remains the case.

There will be times that the S&P does very well in price terms simply by becoming more expensive. That doesn't matter very much over time, because price growth beyond value growth is always transient.

This graph is about 2.3 years old, but it shows what I mean. The warm colours are tracking metrics of value for Berkshire, the cool colours some metrics for the S&P.
https://www.stonewellfunds.com/BerkshireAndSpyValu...
Note that these are metrics which correlate with the value of the S&P *index*. Total return progress adds some dividends to that, but can't be graphed the same way. It doesn't change the conclusion.

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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