Warren Buffett’s Berkshire Hathaway has realized a Sharpe ratio of 0.79 with significant alpha to traditional risk factors. This award-winning article published in the Financial Analysts Journal takes a closer look at the sources of this success: factor exposures, leverage, and public vs private investments.
"Buffett's Alpha" (Graphic Abstract)
Video Abstract of "Buffett’s Alpha" A Research Article by Andrea Frazzini David G. Kabiller, CFA and Lasse Heje Pedersen published in the Financial Analysts Journal Vol.74 No.4, Q4 2018.
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