Buffett's Alpha Paper Illustrates Buffett's Achievements

Warren Buffett is probably the most quoted person in the investing world. Most investors have sought his wisdom and looked to emulate his performance and investing style ever since his first rise to fame. However, it would appear that while his style is easy to replicate, the sage of Omaha used one thing that many do not have access to, that is cheap sustainable leverage (and a solid unwavering conviction). Buffett’s Alpha, is a research paper by Andrea Frazzini and David Kabiller at AQR Capital Management and Lasse H. Pedersen, also at AQR Capital Management and New York University, Copenhagen…