Buffett hasn't beaten the S&P 500 for a while now: * https://www.fool.com/investing/2019/12/22/5-reasons-warren-buffett-didnt-beat-the-market-ove.aspx https://

Buffett hasn't beaten the S&P 500 for a while now: * https://www.fool.com/investing/2019/12/22/5-reasons-warren-buffett-didnt-beat-the-market-ove.aspx https://www.fool.com/investing/2019/12/22/5-reasons-warren-b... He had a good run though. See "Buffett's Alpha": * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3197185 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3197185