1.5%/yr compounded for 30 years is about 45% more. 1991 2021 ----- ------ NASDAQ $1,000 -> $34,627 BRK.A $1,000 -> $50,893

1.5%/yr compounded for 30 years is about 45% more. 1991 2021 ----- ------ NASDAQ $1,000 -> $34,627 BRK.A $1,000 -> $50,893 BTW, this is the same reason index funds can be so much better than mutual funds. If a mutual fund charges you a 1.5% fee per year and performs the same as an index fund over 30 years, the index fund will grow 45% more. Those fees really add up -- for them!