The day I started at Standard & Poor’s in May 1977 the S&P 500 was at 100 (99.77), as was another stock – Berkshire Hathaway, which had a $98 bid and $102 ask. The S&P closed 1977 at 95.10, Berkshire closed at $138, and as of now the index is at 1133 and Berkshire is at $97,785 – who woulda tunk it.
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