Subject: Re: 5 year challenge - update
Final update after 5 years!

This challenge was originally posted on December 10, 2020, a moment of market exuberance for SaaS stocks, which is why SNOW was included. Also, Berkshire (our friend Todd Combs) had invested in the IPO of Snowflake a few weeks earlier, an investment that yielded only modest profits in the 3.5 years it was held.

BRK-A traded at $340,000 at the time, as did:

18.8 Bitcoin
940 SNOW
930 SPY
1770 TSLA (3:1 split adjusted)

Poll results for the best price performance over 5 years were:

44% (32 Votes) 1 BRK-A
22% (16 Votes) 930 SPY (with dividends)
18% (13 Votes) 18.8 Bitcoin
9% (7 Votes) 940 SNOW
5% (4 Votes) 1770 TSLA

Actual results after 5 years:

Bitcoin	+399%	CAGR	+37.9%
TSLA	+135%	CAGR	+18.6%
BRK-A	+116%	CAGR	+16.7%
SPY	+102%	CAGR	+15.1%
SNOW	-40%	CAGR	- 9.8%

Which is the same ranking as a year ago.