Warren Buffett definitely is one of the greatest investors of all time, but it's a myth that he was a aw-shucks buy-and-hold-forever investor. Just like how co

Warren Buffett definitely is one of the greatest investors of all time, but it's a myth that he was a aw-shucks buy-and-hold-forever investor. Just like how complex Berkeshire Hathaway is, the actual From an article: "Buffett likes for you to think that he just picks up an SEC filing, makes a phone call and seals the deal before he purchases a stock (and Wall Street wants you to think this as well), but Buffett is far more savvy than he leads on. This is exemplified by the complexity of Berkshire Hathaway. Berkshire Hathaway isn’t just your average insurance company. The brilliance behind Buffett’s investment in Berkshire is astounding. He effectively used (and uses) Berkshire as the world’s largest option writing house. The premiums and cash flow from his insurance business created dividends that he could invest in other businesses. But Buffett wasn’t just buying Coca-Cola and Geico as many have been led to believe. Buffett was placing some (short-term AND long-term) complex bets in derivatives markets, options markets, and bond markets. The myth that Buffett is a pure value investor is just that. And it has been fed to the public hook line and sinker by people who entirely fail to understand Buffett’s genius, but benefit from an investing public that continues to pour money into the “hold and hope” myth." http://pragcap.com/the-many-myths-of-warren-buffett http://pragcap.com/the-many-myths-of-warren-buffett Also, he's really good at coming in as a vulture and putting the screws into companies. The deals he did with Goldman Sachs and Bank of America were of great value, but if you followed him blindly, you wouldn't have gotten nearly as good a deal as he did.