Warren Buffett
Warren Buffett
  • Warren Buffett's Berkshire Hathaway will outperform the market in a potential downturn this year, UBS said.
  • The conglomerate run by the legendary investor has outperformed the S&P 500 in the past three recessions.
  • So far in 2023, the firm's class B shares have underperformed the broader market. 

Warren Buffett's Berkshire Hathaway has outperformed the market in the past three recessions – and the stock is positioned to do so again if a downturn hits in 2023, according to UBS.