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What do Warren Buffett, George Soros and a computer have in common? A lot

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New York - George Soros, Warren Buffett and a computer have a lot in common, according to AQR Capital Management, the program-driven investment firm whose founders made their names finding the math behind investment success.

A new paper, which isn’t publicly available, posits that a lot of the gains reaped by the legendary managers over time were, in theory, available to anyone using a handful of buy-and-sell signals known to quantitative analysts.

Take Buffett and his Berkshire Hathaway, with its average annual return of 17.6% since 1977, twice as much as the S&P 500. AQR analysts claim that had you been able to take Buffett’s investment pronouncements and let computers build quantitative portfolios around them, you could’ve generated about two-thirds of that outperformance on your own.

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