Re:The Master of Money: "The Snowball: Warren Buffett and th...
by davidw on Tuesday May 19, 2009 @03:47PM
(#617480)
Ok, I'll explain what I mean better:
By looking at certain bits of data, they attempted to find these 'cigar butt' companies - Graham more than Buffett. The way they did that was to comb through a lot of data in a way that can now be done by a computer extremely quickly. So perhaps 'quant' is wrong... shall we say 'data driven'? Of course that's not all Buffet did/does, but it just struck me as an edge that he had then that he couldn't have now.
By looking at certain bits of data, they attempted to find these 'cigar butt' companies - Graham more than Buffett. The way they did that was to comb through a lot of data in a way that can now be done by a computer extremely quickly. So perhaps 'quant' is wrong... shall we say 'data driven'? Of course that's not all Buffet did/does, but it just struck me as an edge that he had then that he couldn't have now.