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A comment on Investing Is More Luck Than Talent. Parent comment

Re:Investing Is More Luck Than Talent by charlesism on Saturday January 21, 2017 @02:10PM (#13451525) 

    > Study most successful speculators of or times and 
    > you will see certain patterns and common traits.
Most of the traits that come to my mind are unflattering. The chance of making money by legal means is far lower than by insider trading, or market manipulation.
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Re:Investing Is More Luck Than Talent by valuearb on Saturday January 21, 2017 @02:11PM (#13451537)
Maybe in speculation, but Buffett is the most successful investor of all time and his honesty is pretty much unquestionable.
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Re:Investing Is More Luck Than Talent by JumpCrisscross on Saturday January 21, 2017 @03:12PM (#13451848)
> but Buffett is the most successful investor of all time

Last I checked, Renaissance Technologies and Vista Equity Partners outperform Buffett. RenTech is the opposite of a value investor and Vista does technology LBOs.

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Re:Investing Is More Luck Than Talent by charlesdm on Saturday January 21, 2017 @03:02PM (#13451784)
The exact opposite to Buffet (value investor) is probably Carl Icahn (speculator). Granted, Icahn has had some major fuckups along the way, probably more than buffet, but he invested well over the years. But both operate in a different way. Soros is another.

There's no one way to invest -- you have to find a way that works for you.

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Re:Investing Is More Luck Than Talent by charlesism on Saturday January 21, 2017 @04:38PM (#13452288)
I don't know enough about Warren Buffett to emphatically hold an opinion either way. I agree his public persona and life story (or myth, I honestly don't know) reflect well upon him, but "unquestionable" is a strong statement.

Having said that, I agree my comment was a bit hyperbolic. The truth is probably a bit less bleak.

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