What’s special about Buffett (and what isn’t) - part 1

He’s hailed as a genius but is Buffett as special as everyone makes out? A recent research paper suggests he is unique, but maybe not in the way we expect.

When economist Michael Jensen stepped onto the stage at a Columbia Business School conference in 1984, it wasn’t his intention to discredit a former student. Jensen had been invited to speak on the occasion of the 50th anniversary of Security Analysis.

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