S&P 500

“Bill Miller beat the S and P 500 for 15 years in a row. I think that's going to be very difficult for anyone to do again for the same reasons we talked about.”

“Which makes them the fastest semiconductor ever to reach a billion in revenue and gets them added to the S&P 500.”

“He would have been better off buying the S&P Over that same time period. Including dividends over that same time period. The S and P 500 is up about 11% annually. So the famous Berkshire Hathaway Coca-Cola investment today is actually underperforming the marke…”

“In the long run, the S and P 500 returns are almost exactly the same as the total market returns.”

“35 years ago, only one percent of the market was passive. It's now more than 20% of the S&P 500. And a couple of years ago, passive assets in funds Overtook active assets in funds for the first time that that just happened where passive funds eclipsed active f…”

“From 1965 to 20 25, if you had invested in the S&P 500, you would have kind of unbelievably a 10% compound annual growth rate. Like the S&P since 65 has been amazing as a 10% annual growth rate with dividends reinvested. That's a 405 X return... Berkshire was …”

“Today, the minimum quantity of dollars you would need to do it on your own without buying into a fund is about three and a half million dollars to sort of minimum efficient or minimum representative S&P 500.”