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 an

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.