I love how Berkshire uses honest measure to compare their performance.
They could just use SP500 price index as others do and get away with it, but they choose the correct metric - SP500 with dividends included.
Berkshire is not paying dividends like most firms do and their stock value grows 2 -3 percent more than SP500 price index just for that reason.
Berkshire is not paying dividends like most firms do and their stock value grows 2 -3 percent more than SP500 price index just for that reason.