Talking Stocks 2.0

[904VT]

Originally Posted by BraveBold

Buffett has generated superior -risk-adjusted- returns over very long periods of time. Sure, he has longevity and a good starting point (wealthy family as an enabler) but so do countless others.

As for his stock picking advice, it makes good sense. Michael Jordan might recommend a different general approach to playing the point guard position vs. the approach he took… and there is nothing inconsistent with doing one thing and advising another, when you are exceptional. In fact, it is excellent advice.

Definitely understand the point you’re making about expertise/experience. Though I’d argue there isn’t anything overly complicated about value investing or growth at a reasonable price/GARP. Buffet’s own philosophy was largely influenced by Benjamin Graham. Regardless of the decade I think Graham’s core tenants hold true and would benefit the majority of investors greater than highly volatile beta focused on buy high sell low capitalization weight.