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> There must be many such investors. Are they all "better" than Munger and Buffett? Your reasoning demonstrates that "better" is, strictly speaking, relative t
by Archelaos 3y ago
> There must be many such investors. Are they all "better" than Munger and Buffett?
Your reasoning demonstrates that "better" is, strictly speaking, relative to a given set of criteria,[1] that are at least vaguely quantifiable and can be meaningfully (numerically?) combined[2] with each other.
I think that all these discussions who is "better" or "best" (strictly speaking or not) have their merrits. But not in the sense that we ever may arrive at a final, definite ranking. It is more of a recommendation to analyse a certain person's performance because something important might be learned from it.
[1] If we were to consider lottery tickets as "investments", the person who spent $1 and won $997,600,000 in the Powerball lottery in 2022[1.1] would be among the best investors of all time.
[1.1] https://en.wikipedia.org/wiki/Lottery_jackpot_records https://en.wikipedia.org/wiki/Lottery_jackpot_records
[2] Does it make sense to ask whether Michael Jordan is a "better" sportsperson than Magnus Carlsen?