Re:Compounding Knowledge
by Brigadirk on Wednesday February 06, 2019 @07:51AM
(#19094689)
I can't find the quote, but Buffett himself addresses this somewhere by saying that while you can get very lucky in finance, if the lucky ones all come from a particular city (Omaha) with a particular philosophy, something might be up.
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He’s talking about value investing.
The markets are supposed to be efficient and you can’t beat them.
Re:Compounding Knowledge
by throwawaymath on Wednesday February 06, 2019 @08:50AM
(#19095009)
Indeed, they're supposed to be.