Chris Bloomstran eviscerates a poster who compares gold and S&P500 to BRK over a specific time period.
https://twitter.com/ChrisBloomstran/status/14798986730227384…
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To be fair, I guess that’s a problem comparing the performance of any two things.
But at least getting rid of ONE endpoint is easy.
The average real price of gold in the last 20 years has been $1303 in today’s money.
The current price is 37% above that.
(The value, as always, has changed by 0%–gold has about the same purchasing power as it did millennia ago.)
The average real price of a share of Berkshire in the last 20 years has been $207601 in today’s money.
The current price is 131% above that.
But hey, hand picked endpoints can at least be entertaining.
Berkshire’s stock price has outperformed Tesla’s stock price by 11.5% in the last year.
And Snowflake’s by 38.8%.
Jim
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