2 points; the “Buffett Halo” effect I dont think is fair to include. This is very real but its also temporary. Consider stuff like his failed Tesco investment.

2 points; the “Buffett Halo” effect I dont think is fair to include. This is very real but its also temporary. Consider stuff like his failed Tesco investment. Long term we get back to fundamentals. The big advantage I think worth mentioning is Buffet also buys control much of the time he invests. You and I buy shares to go along for the ride. He buys in on value + they ability to control direction + typically do share buybacks that further increases the per-share value and uses the companies own money to grow value further. This is a real game changer beyond the traditional value approach you and I will never have.