Investors confident in Warren Buffett's ability to beat S&P 500 during recession fears

A Bloomberg survey of 352 professional and retail investors found that over half of them expect shares of Warren Buffett's Berkshire Hathaway to outperform the S&P 500 Index over the next five years. Meanwhile, 13% of professional investors and 8.1% of retail investors responded that Berkshire stock will lag the S&P 500 over the next five years. The survey also found that 44.6% of investors think now is the right time to buy defensive stocks, with 20.2% favoring growth stocks, 16.5% tech stocks, and 18.8% saying other.