As of July 2015, Berkshire Hathaway Class A Shares have outperformed the S&P 500 Index:

A. On a 5 years annualized basis

B. On a 39 years annualized basis

C. Every year on record

D. Never

EDIT: Forgot to include the chart

It's 39 Years Annualized, correct? It feels like saying every year on record is inappropriate

Warren E. Buffett, 2015 Berkshire Hathaway Class A Shares versus S&P 500 Index over 39 Years $1,000,000 $100,000 $10,000 $1,000 $100 $10 $1 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 -(INDEX) Berkshire Hathaway Inc. Class A - Price - - (INDEX) S&P 500 - Price 5 Years Annualized 15 Years Annualized 39 Years Annualized BRKA S&P 500 12.8% 13.8% 9.5% 2.6% 22.8% 8.0% Note: Period listed as 2015 represents January 1, 2015 to July 31, 2015. Data source: Yahoo! Finance