Ten-year backtests of copying famous funds, insiders and Congress, after trading costs and a 28% tax on gains, with an honest verdict.
The benchmark: S&P 500 ETF, dividends reinvested.
+14.9%/yr vs S&P +14.9% benchmark
SPY, but in cash whenever SPY closes below its 200-day average.
+10.9%/yr vs S&P +14.9% Not proven
Top 10 stocks of each new Berkshire 13F, bought the day after filing.
+11.6%/yr vs S&P +14.9% Not proven
Top 10 stocks of each new Pershing Square 13F.
+12.8%/yr vs S&P +14.9% Not proven
10 stocks most held and most recently bought across 12 concentrated funds, rebalanced 47 days after each quart
+17.4%/yr vs S&P +14.9% Not proven
Same, in cash while SPY is below its 200-day average.
+13.1%/yr vs S&P +14.9% Not proven
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