Personal Finance (21): Benchmarking Warren Buffett's Berkshire Hathaway Inc. (BRK-A) Returns Against the S&P 500 Index (^GSPC) and SPY_ADJ (Adjusted for All Dividends) Over the Past Few Decades

 The attached table and charts are self-explanatory.

BRK-A: Berkshire Hathaway Inc. Data available from 17 Mar 1980 (Yahoo Data)

^GSPC: S&P500 Index

SPY_Adj: S&P500 ETF with all the Dividend Restored, Starting date 15 Jan 1993 (YFinance)

(Click to Zoom in the Charts)

Apparently, BRK-A has shown no clear advantage over the S&P 500 index since 2008 — especially in the past few years. Is this because quantitative finance has already triumphed over the traditional wisdom of trading? Or, as rumors and news floating around suggest, is it because the wise man is holding a great deal of cash, waiting to buy at the next bottom?  ONLY TIME will tell — perhaps a year from now...