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Re:The unreasonable effectiveness of just showing up everyday by robocat on Wednesday July 14, 2021 @04:31PM (#27838061)
> Warren Buffet

That is selection bias at its worst: he really is an outlier. There are plenty of investors that beaver away every day and do not get his returns. I suspect you could pick one of his decades and only find a few people that exceed his ability.

Re:The unreasonable effectiveness of just showing up everyday by zhdc1 on Thursday July 15, 2021 @04:47AM (#27842638)
> There are plenty of investors that beaver away every day and do not get his returns.

There are very few investors who consistently manage to exceed average market returns. It doesn't negate the importance of consistently investing.

Re:The unreasonable effectiveness of just showing up everyday by colonelanguz on Wednesday July 14, 2021 @04:50PM (#27838251)
Yeah. And he also hasn't beaten the market in over a decade.
Re:The unreasonable effectiveness of just showing up everyday by adventured on Wednesday July 14, 2021 @09:56PM (#27840692)
> And he also hasn't beaten the market in over a decade.

You say that like it's an accurate condemnation of Buffett's investment skill.

A 30% - or higher - average annual return like the old days means Berkshire would have to go from a $636 billion market cap to a $8.7 trillion market cap in one decade. Yeah right.

Berkshire no longer competes with the market. It is the market. The larger you get, the harder it is to keep high returns going; Berkshire got really, really large. In terms of value it's also overwhelmingly an operating holding company, not an investment portfolio. The investment side of the business is not what drives Berkshire's stock higher, and hasn't been the primary driver for decades, operating results are.