Empirical Analysis of Warren Buffett’s Returns

Buffett’s returns appear to be neither luck nor magic, but, rather, reward for the use of leverage combined with a focus on cheap, safe, quality stocks.

A good explanation of  how Warren Buffett has generated consistently high returns through his stock picking ability.  His focus on cash generating value stocks coupled with the use of a little leverage have led to an impressive track record and unimaginable wealth.

Source:  Buffett’s Alpha

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