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> Warren Buffett, who has used to to make billions of dollars The assertion is that markets are about voting first but then weighing later. There is a similar
by m0llusk 3y ago
> Warren Buffett, who has used to to make billions of dollars
The assertion is that markets are about voting first but then weighing later. There is a similar clash of metrics going on in the article. Focus on identifying and following the rich and successful up front, then worry about proofreading and getting the metrics right later if at all. Don't bother with the details of getting the weight metric right, just worry about reacting to market volatility with the right attitude.
Lots of investors have tried to follow value without generating the same success as Mr. Buffet. This article is shameful starry eyed slop that will make no one rich.
- danielmarkbruce 3y agoYup, the execution is insanely difficult. To make an analogy to golf - the best strategy is to hit the ball 300 yards down the fairway, hit the approach shot on the green close to the hole, and then make the putt.
- blitzar 3y agoSeems simple enough; just buy at the low and sell at the high of every day.
- danielmarkbruce 3y agoYou could be a strategy consultant.
- blitzar 3y agoI would be terrible at it; a) I wrote the report above in once single sentence rather than a 300 page + appendicies report and b) I gave away my extraordinary insight for free within hours without bringing a team of grads and interns onsite for 9 weeks and billing them out to the client at $500 an hour.
- deleted 3y ago[deleted]
- danielmarkbruce 3y agoThat's just an execution issue, you clearly know your strategy.
- justin66 3y agoThe article is a brief nod toward Graham's advice in The Intelligent Investor. It's the quintessential conservative investment advice designed to protect people from their worst impulses, and it's regarded well enough that it has been in print for over seventy years.