S&P 500

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“if there were a way to short 30-year bonds and own the S&P for 30 years, I would give you enormous odds that the S&P is going to beat”

Pilot Flying J acquisition | October 3, 2017

“If I could be short the 30-year bond at 3% or something and long the S&P 500 and just have it put away for 30 years, stocks are going to far outperform bonds.”

2016 Berkshire Hathaway Shareholder Letter

“the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees”

2016 Berkshire Hathaway Shareholder Letter

“Group B (do-nothing investors) comprise the total investing universe, and B is destined to achieve average results before costs, so, too, must A... over-perform the S&P over long stretches.”

2016 Berkshire Hathaway Shareholder Letter

“index fund replicating the S&P 500”

Vice Chairman's Thoughts — Past and Future (2014)

“the S&P 500 Index produced about 10% per annum, pre-tax, during the last 50 years, creating a significant tailwind”

2014 Berkshire Hathaway Shareholder Letter

“The S&P 500 was then below 700; now it is about 2,100.”

Morning Session - 2013 Meeting

“the S&P 500 earns considerably more than 12% on net worth, and then you say that seems reasonable for Berkshire also”

2013 Berkshire Hathaway Shareholder Letter

“A low-cost S&P 500 index fund will achieve this goal.”

Morning Session - 2011 Meeting

“if you trade an S&P future contract, 500, S&P 500 contract, and you hold it for 10 seconds”

2011 Berkshire Hathaway Shareholder Letter

“in S&P 500 with Dividends Included. Relative Results comparing Berkshire vs S&P 500”

Morning Session - 2010 Meeting

“the S&P 500 contract. That changed the whole derivatives game. At that point, basically Wall Street just said, you know, come on in, and everybody can speculate in an index”

2010 Berkshire Hathaway Shareholder Letter

“insurance we wrote for parties wishing to protect themselves against a possible decline in equity prices in the U.S., U.K., Europe and Japan. These contracts are tied to various equity indices, such a”

Morning Session - 2009 Meeting

“they did no better than match the S&P last year, which was minus 37 after adding back dividends”

Morning Session - 2008 Meeting

“if we could guess successfully a high percentage of the time where the stock market was going to go, we would do nothing but play the S&P futures market”

2008 Berkshire Hathaway Shareholder Letter

“we sell a 100-year $1 billion put option on the S&P 500 at a strike price of 903”

Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010

“when they were introducing the S&P index future. And I said there are legitimate uses for it”

2006 Berkshire Hathaway Shareholder Letter

“Walter produced results over his 47 partnership years that dramatically surpassed those of the S&P 500.”

Afternoon Session - 2005 Meeting

“fund managers who think their job is to beat the S&P on a short-term basis”

Warren Buffett | Nightline Interview | 1999

“The last three years prior to this one, when the S&P has gone up more than 20% every year, that's almost unprecedented.”

Warren Buffett | Nightline Interview | 1999

“If you put that same money into the S&P 500, you'd have only about $132,000.”