Is there any investor or money manager who has beaten the NASDAQ 100?

[manuelbean]

Does anyone know of investors or money managers who have beaten the NASDAQ 100 for the past 25 years?

[valueinvestor]

Looks like a CAGR of 12.5%, I think of plenty - Buffet (thanks Jurgis) being one of them possibly.

 

Stanley Druckenmiller, David Tepper, Jim Simons to name a few.

[thowed]

This is a great question.

 

I've only recently appreciated how extraordinary the NASDAQ 100 performance has been over the past 10 years.  Apart from freaks like the three mentioned above (I'm really interested if there are any retail fund managers who have done it).

 

The best people who I respect e.g. Akre are pretty much NASDAQ 100 trackers over 10 years until late 2019 when NASDAQ rocketed, though this is a froth-tastic time, so I'd guess they'll match each other again in a year.

[Jurgis]

If Nasdaq 100 actual return is 12.5%, then BRK did not outperform. Assuming 22.5K share price in 1/1/1995 and 340K share price in 12/31/2019, BRK return is ~11.9%.

[John Hjorth]

Index investing compared to stock picking - based on on value investing - here on CoBF. Why is this brought up here on CoBF in the first place?

[thowed]

To remind ourselves that it's really hard to beat an index?

[netnet]

I'm pretty sure that John Malone has, but going through his various transactions is tough.

 

Interesting that Buffett has not beaten the NASDAQ 100 over the last couple of decades, I knew that was true over the last decade.

[K2SO]

To remind ourselves that it's really hard to beat an index?

 

How many people picked the right index?

 

[winjitsu]

To remind ourselves that it's really hard to beat an index?

 

How many people picked the right index?

 

Not to mention the selection bias in choosing Nasdaq 100 as the index in the first place. Large Cap Tech undoubtedly has been the big winner, with incredible hindsight.

[thowed]

To remind ourselves that it's really hard to beat an index?

 

How many people picked the right index?

 

Not to mention the selection bias in choosing Nasdaq 100 as the index in the first place. Large Cap Tech undoubtedly has been the big winner, with incredible hindsight.

 

That's fair enough.  I'll rephrase/amend a little.  What I find interesting is that I think that very few Large-Cap Growth managers have beaten the Nasdaq 100 Index over 10 years.  So in this case it seems a reasonable benchmark.  I'm sure there are one or two like Tiger Global, but I believe there are very, very few managers open to retail investors who have done it.

 

So if there are any I've missed, I'd like to know who they are, so I can see if there's any attributes I can learn from them.

 

 

 

[SHDL]

I'm pretty sure that John Malone has, but going through his various transactions is tough.

 

Yes I believe the (self reported) 15+ year CAGR for the Liberty Media complex was well above 20%.

 

I think IAC has done quite well too though I don’t have the numbers with me now.