Warren Buffett, the Oracle of Omaha, is the most recognizable, revered and oft-quoted stock market investor of all time.
We know him as a “value investor.” And because of Buffett, what we think of as “value investing” is one of the most recognized investment strategies.
Most of Buffett’s admirers have concluded that he simply has a God-given talent for identifying great companies that sell for less than they’re worth.
But what if I told you that the value factor— which we can reduce to an algorithm, requiring no human interaction — can almost fully explain Buffett’s investment performance … and wipe out the story of his special Midas touch?
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