> Huh? The point I was trying to make that the returns seem to equalize the further back we go.
Except this not factually true.
BRK-B has outperformed the SP500 on pretty much every time horizon outside of the 2009-2019 period and as you have pointed it significantly does so in the last 5 years.
> As of September 2025, Apple is still 21% of BRK's publicly listed holdings:
Tech is 34% of the SP500.
There is valid reasons to prefer SP500 ETF in a diversified portfolio. Hoping that it will perform better with less risk based on historical data is not one of them.
Except this not factually true.
BRK-B has outperformed the SP500 on pretty much every time horizon outside of the 2009-2019 period and as you have pointed it significantly does so in the last 5 years.
> As of September 2025, Apple is still 21% of BRK's publicly listed holdings:
Tech is 34% of the SP500.
There is valid reasons to prefer SP500 ETF in a diversified portfolio. Hoping that it will perform better with less risk based on historical data is not one of them.