Hi - I'm a newbie who's debating between putting new money into BRK vs SPY, and was just hoping to get big picture thoughts on a basic question.
Obviously, Buffett's track record is legendary and BRK has been an amazing investment for many decades. At this point, though, given how large it is, is it meaningfully different than the S&P 500?
BRK's drawdown from peak-to-trough in the GFC and from peak-to-trough in the coronavirus pandemic is a percentage point or two less than the S&P 500's, but their performance since the GFC has been remarkably similar (and that excludes dividends). And the risk of Buffett stepping down some point soon would seem to pose an additional risk.
I know a lot of people here have been longtime-holders of BRK, but do you see it as a superior investment to SPY for new money going forward?
Thank you!
