‘It’s Done’: Investor Warns Warren Buffett’s Berkshire Can’t Beat the S&P 500 — Bets on PayPal and Intel Instead

Great Hill Capital founder Tom Hayes believes Berkshire Hathaway Inc. will fail to beat the S&P 500 over the next decade, declaring the conglomerate’s era of market outperformance is “done.” Instead, the contrarian investor is placing high-conviction turnaround bets on...