These are my actual purchases, the 'SPX Ann' column is how the SPX Total return index has done, so including dividends. The far right column is showing Berkshire relative performance versus the total return index, a negative number shows market has beaten Berkshire. My point in showing this, is that I based a lot of my buying in the last bunch of years to basically buy at or around and even below some of the repurchase prices. This clearly shows, to me anyway, that Warren deployed a ton of cash at what you may consider to be market beating performance.

Purchase Date Brk Ann SPX Ann
12/31/2012 15.07% 14.64% 0.43%
4/5/2013 13.81% 14.08% -0.27%
9/9/2013 13.57% 13.81% -0.25%
12/30/2013 13.46% 13.14% 0.32%
2/7/2014 14.19% 13.52% 0.66%
3/3/2014 13.84% 13.30% 0.54%
2/11/2016 16.35% 16.15% 0.20%
12/18/2020 21.37% 13.74% 7.63%
12/18/2020 21.37% 13.74% 7.63%
12/21/2020 21.28% 13.89% 7.38%
3/2/2021 18.56% 12.86% 5.70%
11/26/2021 19.11% 9.42% 9.69%
11/26/2021 18.83% 9.42% 9.41%
11/30/2021 19.82% 9.70% 10.12%
11/30/2021 19.44% 9.70% 9.75%
6/16/2022 26.71% 23.59% 3.12%
6/22/2022 27.32% 22.35% 4.97%
9/7/2022 28.49% 21.26% 7.23%
9/23/2022 32.00% 26.57% 5.43%
10/11/2022 32.89% 29.27% 3.62%
2/13/2023 27.50% 24.29% 3.21%
2/13/2023 27.53% 24.29% 3.24%
2/16/2023 28.77% 25.35% 3.42%
2/24/2023 30.29% 28.18% 2.11%
3/3/2023 29.41% 27.70% 1.71%
3/10/2023 31.78% 31.49% 0.29%
3/15/2023 33.81% 31.09% 2.72%