Superinvestor Returns

Graham and Doddsville Residents

Returns are gross and taken from the essay. Sequoia Fund returns are net and have been updated.


Tweedy, Browne Inc.

Year S&P 500 Gross
1968 (9 mos)8.8%27.6%
1969-6.2%12.7%
1970-6.1%-1.3%
197120.4%20.9%
197215.5%14.6%
19731.0%8.3%
1974-38.0%1.5%
197537.8%28.8%
197630.1%40.2%
1977-4.0%23.4%
197811.9%41.0%
197912.7%25.5%
198021.1%21.4%
1981-2.7%14.4%
198210.1%10.2%
198344.3%35.0%
average7.0%20.0%

Buffett Partnership, Ltd.

Year DJIA Gross
1957-8.4%10.4%
195838.5%40.9%
195920.0%25.9%
1960-6.2%22.8%
196122.4%45.9%
1962-7.6%13.9%
196320.6%38.7%
196418.7%27.8%
196514.2%47.2%
1966-15.6%20.4%
196719.0%35.9%
19687.7%58.8%
1969-11.6%6.8%
average7.4%29.5%

Charles Munger

Year DJIA Gross
1962-7.6%30.1%
196320.6%71.7%
196418.7%49.7%
196514.2%8.4%
1966-15.7%12.4%
196719.0%56.2%
19687.7%40.4%
1969-11.6%28.3%
19708.7%-0.1%
19719.8%25.4%
197218.2%8.3%
1973-13.1%-31.9%
1974-23.1%-31.5%
197544.4%73.2%
average5.00%19.80%


Pacific Partners, Ltd.

Year S&P 500 Gross
196512.4%32.0%
1966-10.1%36.7%
196723.9%180.1%
196811.0%171.9%
1969-8.4%97.1%
19703.9%-7.2%
197114.6%16.4%
197218.9%17.1%
1973-14.8%-42.1%
1974-26.4%-34.4%
197537.2%31.2%
197623.6%127.8%
1977-7.4%27.1%
19786.4%37.9%
197918.2%48.2%
198032.3%24.1%
1981-5.0%8.0%
198221.4%32.0%
198322.4%24.8%
average7.80%32.90%

Walter J. Schloss

Year S&P 500 Gross
19567.5%6.8%
1957-10.5%-4.7%
195842.1%54.6%
195912.7%23.3%
1960-1.6%9.3%
196126.4%28.8%
1962-10.2%11.1%
196323.3%20.1%
196416.5%22.8%
196513.1%35.7%
1966-10.4%0.7%
196726.8%34.4%
196810.6%35.5%
1969-7.5%-9.0%
19702.4%-8.2%
197114.9%28.3%
197219.8%15.5%
1973-14.8%-8.0%
1974-26.6%-6.2%
197536.9%52.2%
197622.4%39.2%
1977-8.6%34.4%
19787.0%48.8%
197917.6%39.7%
198032.1%31.1%
1981-6.7%24.5%
198220.2%32.1%
198322.8%51.2%
1984 1Q-2.3%1.1%
average8.4%21.3%

Sequoia Fund, Inc.

Year S&P 500 Net
12/31/197020.6%12.1%
12/31/197114.3%13.6%
12/31/197219.0%3.6%
12/31/1973-14.7%-24.8%
12/31/1974-26.5%-15.5%
12/31/197537.3%61.8%
12/31/197624.0%72.4%
12/31/1977-7.2%19.9%
12/31/19786.5%23.9%
12/31/197918.6%12.1%
12/31/198032.5%12.7%
12/31/1981-5.0%21.5%
12/31/198221.6%31.1%
12/31/198322.6%27.3%
12/31/19846.3%18.5%
12/31/198531.8%28.0%
12/31/198618.6%13.3%
12/31/19875.2%7.4%
12/31/198816.6%11.1%
12/31/198931.7%27.9%
12/31/1990-3.1%-3.8%
12/31/199130.5%40.0%
12/31/19927.6%9.4%
12/31/199310.1%10.8%
12/31/19941.3%3.3%
12/31/199537.6%41.4%
12/31/199623.0%21.7%
12/31/199733.4%43.2%
12/31/199828.6%35.3%
12/31/199921.0%-16.5%
12/31/2000-9.1%20.1%
12/31/2001-11.9%10.5%
12/31/2002-22.1%-2.6%
12/31/200328.7%17.1%
12/31/200410.9%4.7%
12/31/20054.9%7.8%
12/31/200615.8%8.3%
12/31/20075.5%8.4%
12/31/2008-37.0%-27.0%
12/31/200926.5%15.4%
12/31/201015.1%19.5%
12/31/20112.1%13.2%
12/31/201216.0%15.7%
12/31/201332.4%34.6%
12/31/201413.7%7.6%
12/31/20151.4%-7.3%
12/30/201612.0%-6.9%
average10.9%13.7%




GEICO, Lou Simpson

Simpson was not in the essay but is certainly a superinvestor. This data is from the 2004 Berkshire Hathaway letter to shareholders


GEICO, Lou Simpson

Year GEICO S&P 500
198023.7%32.3%
19815.4%-5.0%
198245.8%21.4%
198336.0%22.4%
198421.8%6.1%
198545.8%31.6%
198638.7%18.6%
1987-10.0%5.1%
198830.0%16.6%
198936.1%31.7%
1990-9.9%-3.1%
199156.5%30.5%
199210.8%7.6%
19934.6%10.1%
199413.4%1.3%
199539.8%37.6%
199629.2%23.0%
199724.6%33.4%
199818.6%28.6%
19997.2%21.0%
200020.9%-9.1%
20015.2%-11.9%
2002-8.1%-22.1%
200338.3%28.7%
200416.9%10.9%
average20.30%13.50%