Subject: Todd and Ted's returns
This Financial Times article estimates Todd and Ted's annualized return for the 10-year period ending March 2024 to be 7.8%, as compared to 12% for the S&P 500 and 10.2% for Buffett over the same period.
https://www.ft.com/content/fd3...
FT's methodology was to assign each position in Berkshire's US equity portfolio each quarter to either Buffett or T&T, and then to ask Morningstar to calculate the returns.