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he's not attempting to improve on buffet. he's attempting to exploit the same mispricings buffet looks for, but with a different method. he's not claiming that it's better than what buffet does.

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He claims it improves on what Buffett does (in the other thread), that Buffett would have higher returns if he incorporated David's approach. Let me make it clear I'm not convinced David is right or wrong yet, but I have biases that naturally make me skeptical of it.

I may write a letter to Warren Buffett just to see what he would say.

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Even if the returns are greater that doesn't mean that it's a better alternative because the risk may be greater as well (out of proportion to the extra returns). I keep coming back to the concept that investors want to achieve desired returns at the minimum risk possible. An analysis without quantifying the risk is an incomplete analysis.

Then we could get into investor utility. Not all investors desire the same rate of return.