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The way to prove someone is not a lucky coin-flipper is to identify them before they flip the coins (or, at the very least, by some attribute that was observabl
by derf_ 12y ago
The way to prove someone is not a lucky coin-flipper is to identify them before they flip the coins (or, at the very least, by some attribute that was observable before they flipped the coins). For example, "took a class from Ben Graham in 1951" [1] might be such an observable criteria.
[1] http://www8.gsb.columbia.edu/rtfiles/cbs/hermes/Buffett1984.pdf http://www8.gsb.columbia.edu/rtfiles/cbs/hermes/Buffett1984....