BRK-A closed at $78,000 today. The close in June 1998 was about this value. This appears to indicate that an investor in BRK-A in June 1998 would now(about 11 years later) have no gain and in fact have a loss equal to inflation during that time which I guess could be significant.
Buffett's Advice to the Berkshire Faithful: Buy Index Funds [View article]
I thought I had read about some studies a few years ago that indicated that index funds with some asset allocation outperformed 90% of managed mutual funds.
Buffett Profits Plummet, Predicts Bleak 2009 and Possibly Beyond [View article]
Buffett's Advice to the Berkshire Faithful: Buy Index Funds [View article]