Buffett’s Alpha, A Research Paper on Buffett’s Returns.

1959: The following ad appeared in the Miami News on January 19, 1959, 19 days after Castro came to power.

1961: Victorious Castro bans elections

Cuba’s prime minister, Dr Fidel Castro, has proclaimed Cuba a socialist nation and abolished elections.

Hundreds of thousands of Cubans attending a May Day parade in the capital Havana roared with approval when their leader announced: “The revolution has no time for elections. There is no more democratic government in Latin America than the revolutionary government.”   –BBC Report

Lesson: Be skeptical of those in power, especially Tyrants.

Buffett’s Alpha: Buffett’s_Alpha_-_Frazzini,_Kabiller_and_Pedersen

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