Imitation is the Sincerest Form of Flattery: Warren Buffett and Berkshire Hathaway

Nov 22, 2007

Happy Thanksgiving! This is a good read for the holiday. Research by GERALD S. MARTIN and JOHN PUTHENPURACKAL: "We analyze the performance of Berkshire Hathaway's equity portfolio and explore potential explanations for its superior performance... The market also appears to under-react to the news of a Berkshire stock investment since a hypothetical portfolio that mimics Berkshire's investments created the month after they are publicly disclosed earns positive abnormal returns of 14.26% per year. "

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