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Stocks B / Berkshire Hathaway


Subject:  Buffett's results explained finally by academia? Date:  1/25/2013  11:48 AM
Author:  physdude Number:  198124 of 248138

Apologies if this has already been posted.

I recently came across this academic paper - which purports to explain Buffett's outperformance. I found it quite interesting because all the recent academic findings the authors used (the betting against beta and quality factors) were long since informally discussed in Buffet's annual letters!
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