Buffett’s Market Beating Returns Can “Partly” Be Explained By Leverage?

What is the secret to Warren Buffett’s investment success? Andrea Frazzini, David Kabiller, CFA, and Lasse Heje Pedersen, principles at global investment firm AQR Capital Management believe they have found the answer. Q4 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first! By decomposing Berkshire Hathaway’s portfolio into publicly traded stocks and privately owned companies, the researchers find that over the past four…