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Is there any indication that Berkshire performs better than selecting stocks randomly?

Somebody who bought a Nasaq 100 certificate 10 years ago and then bummed around and never did anything else to their portfolio gained 500%.

Buffett and Munger who showed up in the office every day, analyzed companies and worked on their stock picking gained 240%.

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Buffett himself made and won a $1M bet with a hedge fund manager that over 10 years, a set of hedge funds could not outperform the S&P 500.

https://money.cnn.com/2018/02/24/investing/warren-buffett-an...

Yes, every Berkshire annual report has a chart comparing Berkshire's stock performance to the S&P 500's performance, year by year. See the table near the start of https://www.berkshirehathaway.com/2021ar/2021ar.pdf . From 1965-2021, looks like the S&P 500 gained 30000% and Berkshire gained 3,600,000%. Of course, they don't beat the index every year.

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