# Prof. Lasse Pedersen's research on Berkshire Hathaway is cited

1 Faculty News April 24, 2014>

Excerpt from [The Economist](http://www.economist.com/news/briefing/21601240-warren-buffetts-50-years-running-berkshire-hathaway-have-been-one-businesss-most-impressive) -- "Berkshire Hathaway has beaten the market over the long run by investing in relatively low-risk stocks the market was underpricing, according to 'Buffett’s Alpha', a study by three economists, Andrea Frazzini, David Kabiller and [Lasse Pedersen](http://www.stern.nyu.edu/faculty/bio/lasse-pedersen). The study found that when it comes to outperforming the market on a sustained basis (see chart), Berkshire Hathaway is arguably without equal."

[Read more](http://www.economist.com/news/briefing/21601240-warren-buffetts-50-years-running-berkshire-hathaway-have-been-one-businesss-most-impressive)