The text argues that which statement is TRUE about Warren Buffett?
A) His past performance has been purely a result of luck.
B) He has not been able to beat the market at any time.
C) He always beats the market using inside information.
D) It has become harder for him to beat the market over time.

Question

Quizplus · Accepted Answer

The text states that Buffett's returns in recent years have been "merely average" and that it has become "harder for him to beat the market over the years." This implies that in the past, he was able to beat the market, but it has become increasingly challenging over time. A) is incorrect because the text does not suggest that Buffett's past performance was due to luck. B) is incorrect because the text implies that Buffett has been able to beat the market at times. C) is incorrect because the text does not suggest that Buffett uses inside information to beat the market.

The Text Argues That Which Statement Is TRUE About Warren