The real issue here is whether the expansion of managed capital imposes an insurmountable upper bound on relative performance. Considering Berkshire Hathaway's outperformance, with a multiple of 1.88 times the S&P 500 return over 60 years, it is clear that size has not prevented the generation of significant alpha. However, it is crucial to note that the assets under management per employee ratio at Berkshire, which is in sharp decline, illustrates a very different investment strategy from traditional funds, where a high ratio is often correlated with increased difficulty in outperforming the market.