That should put a muzzle on the non-trading compounding hobbyists that spew the "at that rate you should have trillions" poop when speaking with successful traders.
Like I said. There is nothing ‘sitting there’ no more. Trading is about unfolding stories. Instead of static edges.
Yeah but..... Never forget, who cares about beating the market, this guy and Munger have done their home runs in days gone by, the squirrel has a big tidy sum sitting in the nest. They may well now underperform the market but were the market to continue to rise, a 1% increase in their portfolio is equivelent to a squillion dollars. I'm sure Buffett, Munger and the early investors in BRK are happy, they have compound returns and virtually a sure bet this will continue. Any late comer investors in BRK are prolly better off looking elsewhere, the party is over.
I made a similar study myself and posted it here in 2009 already, including an excel with my results: Is Buffett getting margin calls?