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Whatever Warren Buffet does at this stage is going to be a success. Everything he does becomes self-fulfilling. People like him don't predict market movements,
by cryptica 7y ago
Whatever Warren Buffet does at this stage is going to be a success. Everything he does becomes self-fulfilling.
People like him don't predict market movements, they cause them.
- gizmo 7y agoThat's way too reductive. Yes, his reputation helps tremendously, but even as a complete unknown he would still be a world-class investor.
- DennisP 7y agoHe actually did better when he was a complete unknown. Berkshire is huge now because Buffett averaged 20% annual gains for decades. Now his returns are down because it's hard to find good deals on companies big enough to matter to him.