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Re:Berkshire Hathaway Shareholder letter 2022 [pdf] by haakonhr on Sunday February 26, 2023 @11:37AM (#34946830)
Not going to do the math here, but the magnitudes are quite important.. It seems like the worst years are around 20% worse than the S&P, but there are several years where their outperformance is more than 100%.

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