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Obvious counterpoint: it's statistically "impossible" for Buffett specifically to beat the market in the way he has. Is it similarly impossible for some person
by ahelwer 10y ago
Obvious counterpoint: it's statistically "impossible" for Buffett specifically to beat the market in the way he has. Is it similarly impossible for some person to beat the market in the way he has? Let's call this hypothetical individual Warren Buffett.
- valuearb 10y agoRead super investors of Graham Doddsville, Buffett wrote it and demonstrated there are dozens of value investors with similar results to him, and they all adopt an extremely similar strategy but apply it in very dissimilar investments. And the coin flipping paradigm is wrong. The odds of beating the market by 10%+ a year is not a 50-50 proposition. It's more like a 1 in 10 chance. So re-run your stats with Buffett going 50 for 53 on 1 in 10 shots.
- codecamper 10y agoIt helps if you start investing when technology was a novelty. In the 60s!
- erikpukinskis 10y agoTechnology is still a novelty. We've barely dipped a toe in the digital age, the vast majority of changes are yet to come. We probably haven't written 1% of the software we'll be using in 20 years.