Subject: Re: Swedroe on WEB
Buffett's Alpha, November 1, 2013
"We document how Buffett’s outstanding performance is the best among all stocks and mutual funds that have existed for at least 30 years... In essence, we find that the secret to Buffett’s success is his preference for cheap, safe, high-quality stocks combined with his consistent use of leverage to magnify returns while surviving the inevitable large absolute and relative drawdowns this entails."
https://www.aqr.com/Insights/R...