# BRK vs S&P - Sept 2023 **URL:** \ **Category:** Stocks A to Z\ **Tags:** berkshire-hathaway\ **Created:** [September 29, 2023, 6:09pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911 "2023-09-29T18:09:24Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![dividends20](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_gold700.png) [@dividends20](https://discussion.fool.com/u/dividends20)\ **Post date:** [September 29, 2023, 6:09pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/1 "2023-09-29T18:09:24Z")
![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/0/0/00dd564aadb74b625eae75f011a4c572af703f85.jpeg) Dollar cost average. Sleep well. Enjoy life. _Stay away from long posts from well intentioned smart people that have lots of accurate believable facts. The problem often lies in omissions of data and or small number of hidden inaccuracies._ ---
**Author:** ![bearmarketbully](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/bearmarketbully/32/1543_2.png) [@bearmarketbully](https://discussion.fool.com/u/bearmarketbully)\ **Post date:** [September 30, 2023, 2:04am UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/2 "2023-09-30T02:04:34Z")
Wow, that’s ridiculous. Berkshire not even close to the S&P after 15 long years. Embarrassing. ---
**Author:** ![MarkR](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/markr/32/2011_2.png) [@MarkR](https://discussion.fool.com/u/MarkR)\ **Post date:** [October 2, 2023, 1:29am UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/3 "2023-10-02T01:29:15Z")
While an S&P500 low-cost index fund is most appropriate (as Buffett has mentioned any number of times), these results are not adjusted for the lack of full compounding in the S&P500 funds due to taxes due each year on dividend distributions. The Berkshire shares have no dividend distribution at all and thus fully compound “forever”. It depends on what type of gains you prefer, and when you want them taxed. (and the S&P500 has outpaced Berkshire over the period anyway.) ---
**Author:** ![AdrianC](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/adrianc/32/4898_2.png) [@AdrianC](https://discussion.fool.com/u/AdrianC)\ **Post date:** [October 2, 2023, 1:56pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/4 "2023-10-02T13:56:11Z")
Been said many times: start point and end point can make a huge difference. Illustration: Oct 2008 - Sept 2023: SPY thrashes Berkshire ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/4/a/4a15a088330c4ab32352eb95821f8578100ff46e.png) Sept 2008 - Sept 2023 (1 month added): Berkshire slightly ahead ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/e/c/ec9e8b2f48a0cc4d84670631a3bc309a1b390190.png) Contribute $1000/month: no real difference between SPY and Berkshire ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/c/e/ce2e3bf5c12701390978624071221ac16097cbb6.png) ---
**Author:** ![dividends20](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_gold700.png) [@dividends20](https://discussion.fool.com/u/dividends20)\ **Post date:** [October 2, 2023, 7:25pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/6 "2023-10-02T19:25:11Z")
> [@bearmarketbully](#): > > Wow, that’s ridiculous. Berkshire not even close to the S&P after 15 long years. Embarrassing. It looks much worse compared to Nasdaq. “Worlds greatest investor” underperforms the S&P and Nasdaq. ---
**Author:** ![Labadal](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/labadal/32/3784_2.png) [@Labadal](https://discussion.fool.com/u/Labadal)\ **Post date:** [October 2, 2023, 9:25pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/7 "2023-10-02T21:25:56Z")
Maybe I misunderstand your point. Because it would be deceitful to suggest that the stock price movements of the conglomerate for which Buffett is the CEO is equivalent to his investing track record. ---
**Author:** ![dividends20](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_gold700.png) [@dividends20](https://discussion.fool.com/u/dividends20)\ **Post date:** [October 3, 2023, 1:11pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/8 "2023-10-03T13:11:29Z")
> [@Labadal](#): > > Because it would be deceitful to suggest that the stock price movements of the conglomerate for which Buffett is the CEO is equivalent to his investing track record. Yes In last 15 years. with the exception of Apple his investments have underperformed, He bought duds like Airlines, Banks, KHC, PCC, Oxy etc. WEB panicked and sold during covid when market tanked 40%. BRK has underperformed S&P and Nasdaq. Going forward, BRK’s degree of difficulty is much higher due to its size. BRK investors have to assess this record objectively. Here is Nasdaq ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/c/3/c33886cb50252f2306afc35bcfc6e3e5177dcdae.jpeg) ---
**Author:** ![MarkR](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/markr/32/2011_2.png) [@MarkR](https://discussion.fool.com/u/MarkR)\ **Post date:** [October 3, 2023, 3:27pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/9 "2023-10-03T15:27:37Z")
> [@Labadal](#): > > Because it would be deceitful to suggest that the stock price movements of the conglomerate for which Buffett is the CEO is equivalent to his investing track record. How do _you_ measure his track record of choosing companies to invest in? ---
**Author:** ![Labadal](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/labadal/32/3784_2.png) [@Labadal](https://discussion.fool.com/u/Labadal)\ **Post date:** [October 3, 2023, 4:21pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/10 "2023-10-03T16:21:11Z")
I haven’t tried. But I can tell you how I **wouldn’t** measure it: with Berkshire’s stock price. ---
**Author:** ![AdrianC](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/adrianc/32/4898_2.png) [@AdrianC](https://discussion.fool.com/u/AdrianC)\ **Post date:** [October 3, 2023, 6:04pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/11 "2023-10-03T18:04:06Z")
Start points…this century: ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/b/3/b3ad08bb13daeba9b319d1fadae68eb3212f5287.png) ---
**Author:** ![dividends20](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_gold700.png) [@dividends20](https://discussion.fool.com/u/dividends20)\ **Post date:** [October 3, 2023, 7:23pm UTC](https://discussion.fool.com/t/brk-vs-s-p-sept-2023/96911/12 "2023-10-03T19:23:20Z")
> [@Labadal](#): > > I **wouldn’t** measure it: with Berkshire’s stock price. If you don’t think stock price is reflection of its value over the long term, what’s the point in investing in BRK ?