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Thanks. I should have listened to the small voice in my head before posting that. So while BRK isn't crushing the index, would it be fair to say it "lagged" th

Thanks. I should have listened to the small voice in my head before posting that. So while BRK isn't crushing the index, would it be fair to say it "lagged" the market over the past 15 years? Seems pretty close, but I don't have the knowhow to analyze that time period with dividend reinvestment thrown into the mix. Though I've always thought these charts account for splits, no?

smabie 6y ago
No I definitely wouldn't say it lagged the market. While BRK isn't "crushing it", it's done a pretty good job considering the high concentration of positions and low diversification. It's clear that Buffet has been delivering significant alpha over the 21st century. Due to the low correlation with the market, BRK can be seen as a great way to diversify away market risk and increase the risk-adjusted returns of a S&P 500+BRK portfolio. Or in other words, it's a totally solid investment. Price charts don't account for dividends because people would get confused why the actual price you pay for something is different than the price on the chart. Edit: sorry if I sounded harsh in my previous comment, I'm a little anal about these things as I see a lot of financial misinformation on HN.