Quote:
Originally Posted by ColdNoMore
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. 
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Unless I hold birkshire hathaway, if buffet looses 45 million I lost nothing due to his loss. If, you loose a higher percentage than the market. Again, it does not affect me.
My contrarian view is never forget you are a prawn-BAIT FOR THE SHARKS. Few understand math. If you invest in xyz and the first year it goes up 10% but the next year it goes down 10% you are not even you have a loss. 1000+10%=1100 1100-10%=990.
Assuming as we read that the long term market return is 8% a year, to achieve that, the third year you need to make 1000+8%+8%+8%=1259.71 so 990+27%.=1257.30
My point, few will tell you. Not only do gains compound but so do losses.
As I tried to explain and as you by this post agree. Buffet like is delusional.