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Lieferstatus:	i.d.R. innert 7-14 Tagen versandfertig
Veröffentlichung:	April 2024
Genre:	Ratgeber
ISBN:	9786236682272
EAN-Code:	9786236682272
Verlag:	Algorithmic
Einband:	Kartoniert
Sprache:	English
Dimensionen:	H 280 mm / B 216 mm / D 4 mm
Gewicht:	154 gr
Seiten:	50
Zus. Info:	Paperback
Bewertung:	Titel bewerten / Meinung schreiben

Inhalt:

Berkshire Hathaway has achieved a Sharpe ratio of **0.76**, surpassing that of any other stock or mutual fund with a track record extending beyond 30 years. This indicates a substantial alpha relative to conventional risk factors. However, this alpha is rendered non-significant when adjustments are made for the Betting-Against-Beta. Additionally, it's estimated that Buffett employs an average leverage ratio of approximately 1.6:1. The success of Buffett's investments seems to stem not from chance or some mystical force but from a strategic blend of leverage use and a preference for undervalued, low-risk, high-quality stocks. Analyzing Berkshire's portfolio by separating the publicly traded stocks from the wholly-owned private enterprises reveals that the former category outperforms, implying that Buffett's impressive returns are more attributable to his stock-picking skills rather than his influence on company management. This insight has significant implications for the understanding of market efficiency and the practical application of academic financial factors.