History Says Berkshire Hathaway Stock Holds Up When the Market Falls: It Beat the S&P 500 in 11 of 13 Down Years

While the S&P 500 (SNPINDEX: ^GSPC) has gained about 14% in 2026, shares of Warren Buffett's former company are up only 3%.

But there's an interesting argument for owning Berkshire Hathaway that has nothing to do with how the stock is performing today.