Brooklyn Investor

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%
1971	20.4%	20.9%
1972	15.5%	14.6%
1973	1.0%	8.3%
1974	-38.0%	1.5%
1975	37.8%	28.8%
1976	30.1%	40.2%
1977	-4.0%	23.4%
1978	11.9%	41.0%
1979	12.7%	25.5%
1980	21.1%	21.4%
1981	-2.7%	14.4%
1982	10.1%	10.2%
1983	44.3%	35.0%
average	7.0%	20.0%

Buffett Partnership, Ltd.

Year	DJIA	Gross
1957	-8.4%	10.4%
1958	38.5%	40.9%
1959	20.0%	25.9%
1960	-6.2%	22.8%
1961	22.4%	45.9%
1962	-7.6%	13.9%
1963	20.6%	38.7%
1964	18.7%	27.8%
1965	14.2%	47.2%
1966	-15.6%	20.4%
1967	19.0%	35.9%
1968	7.7%	58.8%
1969	-11.6%	6.8%
average	7.4%	29.5%

Charles Munger

Year	DJIA	Gross
1962	-7.6%	30.1%
1963	20.6%	71.7%
1964	18.7%	49.7%
1965	14.2%	8.4%
1966	-15.7%	12.4%
1967	19.0%	56.2%
1968	7.7%	40.4%
1969	-11.6%	28.3%
1970	8.7%	-0.1%
1971	9.8%	25.4%
1972	18.2%	8.3%
1973	-13.1%	-31.9%
1974	-23.1%	-31.5%
1975	44.4%	73.2%
average	5.00%	19.80%

Pacific Partners, Ltd.

Year	S&P 500	Gross
1965	12.4%	32.0%
1966	-10.1%	36.7%
1967	23.9%	180.1%
1968	11.0%	171.9%
1969	-8.4%	97.1%
1970	3.9%	-7.2%
1971	14.6%	16.4%
1972	18.9%	17.1%
1973	-14.8%	-42.1%
1974	-26.4%	-34.4%
1975	37.2%	31.2%
1976	23.6%	127.8%
1977	-7.4%	27.1%
1978	6.4%	37.9%
1979	18.2%	48.2%
1980	32.3%	24.1%
1981	-5.0%	8.0%
1982	21.4%	32.0%
1983	22.4%	24.8%
average	7.80%	32.90%

Walter J. Schloss

Year	S&P 500	Gross
1956	7.5%	6.8%
1957	-10.5%	-4.7%
1958	42.1%	54.6%
1959	12.7%	23.3%
1960	-1.6%	9.3%
1961	26.4%	28.8%
1962	-10.2%	11.1%
1963	23.3%	20.1%
1964	16.5%	22.8%
1965	13.1%	35.7%
1966	-10.4%	0.7%
1967	26.8%	34.4%
1968	10.6%	35.5%
1969	-7.5%	-9.0%
1970	2.4%	-8.2%
1971	14.9%	28.3%
1972	19.8%	15.5%
1973	-14.8%	-8.0%
1974	-26.6%	-6.2%
1975	36.9%	52.2%
1976	22.4%	39.2%
1977	-8.6%	34.4%
1978	7.0%	48.8%
1979	17.6%	39.7%
1980	32.1%	31.1%
1981	-6.7%	24.5%
1982	20.2%	32.1%
1983	22.8%	51.2%
1984 1Q	-2.3%	1.1%
average	8.4%	21.3%

Sequoia Fund, Inc.

Year	S&P 500	Net
12/31/1970	20.6%	12.1%
12/31/1971	14.3%	13.6%
12/31/1972	19.0%	3.6%
12/31/1973	-14.7%	-24.8%
12/31/1974	-26.5%	-15.5%
12/31/1975	37.3%	61.8%
12/31/1976	24.0%	72.4%
12/31/1977	-7.2%	19.9%
12/31/1978	6.5%	23.9%
12/31/1979	18.6%	12.1%
12/31/1980	32.5%	12.7%
12/31/1981	-5.0%	21.5%
12/31/1982	21.6%	31.1%
12/31/1983	22.6%	27.3%
12/31/1984	6.3%	18.5%
12/31/1985	31.8%	28.0%
12/31/1986	18.6%	13.3%
12/31/1987	5.2%	7.4%
12/31/1988	16.6%	11.1%
12/31/1989	31.7%	27.9%
12/31/1990	-3.1%	-3.8%
12/31/1991	30.5%	40.0%
12/31/1992	7.6%	9.4%
12/31/1993	10.1%	10.8%
12/31/1994	1.3%	3.3%
12/31/1995	37.6%	41.4%
12/31/1996	23.0%	21.7%
12/31/1997	33.4%	43.2%
12/31/1998	28.6%	35.3%
12/31/1999	21.0%	-16.5%
12/31/2000	-9.1%	20.1%
12/31/2001	-11.9%	10.5%
12/31/2002	-22.1%	-2.6%
12/31/2003	28.7%	17.1%
12/31/2004	10.9%	4.7%
12/31/2005	4.9%	7.8%
12/31/2006	15.8%	8.3%
12/31/2007	5.5%	8.4%
12/31/2008	-37.0%	-27.0%
12/31/2009	26.5%	15.4%
12/31/2010	15.1%	19.5%
12/31/2011	2.1%	13.2%
12/31/2012	16.0%	15.7%
12/31/2013	32.4%	34.6%
12/31/2014	13.7%	7.6%
12/31/2015	1.4%	-7.3%
12/30/2016	12.0%	-6.9%
12/29/2017	21.8%	20.0%
12/31/2018	-4.4%	-2.6%
average	10.5%	13.1%

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

Year	GEICO	S&P 500
1980	23.7%	32.3%
1981	5.4%	-5.0%
1982	45.8%	21.4%
1983	36.0%	22.4%
1984	21.8%	6.1%
1985	45.8%	31.6%
1986	38.7%	18.6%
1987	-10.0%	5.1%
1988	30.0%	16.6%
1989	36.1%	31.7%
1990	-9.9%	-3.1%
1991	56.5%	30.5%
1992	10.8%	7.6%
1993	4.6%	10.1%
1994	13.4%	1.3%
1995	39.8%	37.6%
1996	29.2%	23.0%
1997	24.6%	33.4%
1998	18.6%	28.6%
1999	7.2%	21.0%
2000	20.9%	-9.1%
2001	5.2%	-11.9%
2002	-8.1%	-22.1%
2003	38.3%	28.7%
2004	16.9%	10.9%
average	20.30%	13.50%