Subject: Re: BRKA vs. S&P
Quick math shows for 2023 BRKA up 15.6% and S&P up 24.8% (by my calc).


Usually when Berkshire has a lagging year it's mainly just the luck of the draw.

Not that it matters, but this year it appears that it's mainly a "magnificent seven" effect.
If I'm not mistaken, Berkshire beat the S&P 593 by a nice amount in 2023.
It did on an equally-weighted basis, anyway. i.e. Berkshire's price rose more than the total return of the average S&P 500 firm.

The outperformance of the biggies this year is quite something to behold. Up about twice what the rest managed.

Jim