Ben Felix cited in a video that Berkshire's excess returns can be explained by their value tilt, and after accounting for that, this apparent excess return is s

Ben Felix cited in a video that Berkshire's excess returns can be explained by their value tilt, and after accounting for that, this apparent excess return is statistically insignificant. http://docs.lhpedersen.com/BuffettsAlpha.pdf http://docs.lhpedersen.com/BuffettsAlpha.pdf