Berkshire versus S&P 500

What makes Warren E. Buffett such an amazing long-term active investment manager? The table below is nothing short of extraordinary.

Berkshire per-share market value overall gain from 1964 to 2016 is 1,972,595%. The S&P 500 with dividends included overall gain for the same period is 12,717%.

Annual percentage change

YearBerkshireS&P 500
196549.510.0
1966-3.4-11.7
196713.330.9
196877.811.0
196919.4-8.4
1970-4.63.9
197180.514.6
19728.118.9
1973-2.5-14.8
1974-48.7-26.4
19752.537.2
1976129.323.6
197746.8-7.4
197814.56.4
1979102.518.2
198032.832.3
198131.8-5.0
198238.421.4
198369.022.4
1984-2.76.1
198593.731.6
198614.218.6
19874.65.1
198859.316.6
198984.631.7
1990-23.13.1
199135.630.5
199229.87.6
199338.910.1
199425.01.3
199557.437.6
19966.223.0
199734.933.4
199852.228.6
1999-19.921.0
200026.6-9.1
20016.5-11.9
2002-3.8-22.1
200315.828.7
20044.310.9
20050.84.9
200624.115.8
200728.75.5
2008-31.8-37.0
20092.726.5
201021.415.1
2011-4.72.1
201216.816.0
201332.732.4
201427.013.7
2015-12.51.4
201623.412.0

Source: Warren Buffett’s letter to shareholders 2016

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