Quote:
Originally Posted by thetruth
I proudly point out the REALITY of Buffet.
The guy is 86 years old and yet we hear him speak about long term stock holdings.
Buffet like is an acceptance of a false impression. You and I do not even trade in the same market as Buffet does. We are not even in the same game-at least I am not. When I buy or sell shares, no one is following what I do and the quantity that I buy or sell does not move the market. Also, Buffet looses 45 million and says it was a bad day. If, I lost 45 million there would be a lot of people wondering how they were so stupid as to lend me that much money.
Buffet like? Perhaps, the smart thing to do is to buy Bershire Hathaway and let Buffet and his staff buy and sell for you.
I regularly wonder how many of us regularly beat SPY-S&P 500 index? I DO NOT. The report from Fidelity keeps me honest.
My simple view-I AM NOT EVEN BATTING AVERAGE.
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You seem to really be hung-up on Buffett losing $45M, yet as I mentioned in this unanswered post...
https://www.talkofthevillages.com/fo...68-post23.html
...what % do you think that represents for Buffett?
I dare say, that all of us have had
percentage losses...that dwarf that $45M.
