>Think of all the money managers who borrow their talking points from Warren Buffett. They might sound like Buffett, but they don’t know how to invest the way B

>Think of all the money managers who borrow their talking points from Warren Buffett. They might sound like Buffett, but they don’t know how to invest the way Buffett does. Bad analogy. There are domains that admit experts e.g. numerical methods for partial differential equations. Investment management is not one of them. There is way too much luck involved and in Buffet like cases, size and reflexivity confound the matters more. Often, we look for experts in fields that do not admit experts and come away disappointed.