Is Scientific Explanation of Warren Baffetts Phenomenon Possible?

DOI: 10.20542/0131-2227-2010-9-14-22

E. Chirkova, National Research University Higher School of Economics, 9/11, Myasnitskaya Str., Moscow, 101000, Russian Federation (

Abstract. The paper offers a new explanation of the Warren Buffett’s phenomenon. This explanation is complimentary to the suggestion expressed by the adopters of the value investing approach who derive Buffett’s success from a winning investment strategy, and it rejects the idea of a pure luck, which the advocates of the efficient market hypothesis insist upon. 

Keywords: Warren Baffett, investment, value investing, efficient market hypothesis, excess market returns 

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For citation:
Chirkova E. Is Scientific Explanation of Warren Baffetts Phenomenon Possible?. World Eonomy and International Relations, 2010, No 9, pp. 14-22.

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