WeltzeitgeistI, for one, would expect that the smartest investor of all-time is onto something. Long T-Bonds all the way. But you do you.
Androcat@wackJackle I would like to point out that overall, it is entirely possible that he has just been randomly lucky.
@androcat Na, that's mathematically impossible to beat the stock market or the overall market for almost every year for over 70 years or so..
@wackJackle It's not, actually.
Someone did the numbers and based on the very large numbers of stock market participants, one or two consistently lucky ones is perfectly possible.
What IS mathematically impossible is to Break The Market - i.e. doing what many people claim Buffett has done, accurately predict outcomes consistently.
It's actually more likely that he just got lucky.
@androcat Well, let's a agree to disagree. He is a very smart investor but he definetly got sometimes very lucky but that's just part of the casino isn't it?
@wackJackle Some sorts of investments are probably smarter than others.
OTOH, I don't think he's a good guy, so it would be rather bad if he had actually cracked the code.
@androcat Yeah, I don't think he's good guy either but I think that you can still something of his investment ideas personally. Long time investing, diservification, real-value investing, understanding the product, safeguards if the end of the bull market is in sight, and so on...
@wackJackle General prudence, and smelling a bubble before it bursts.
But most of us here can do that. We just don't have money for gambling.
@androcat Yeah, that's true. I'm not an investor, just here and there. I just watch the market for the love of the game. It's just a nice hobby of mine for the last 20years and sometimes I made some money.
@androcat I never lost something though. Buy early, just wait and sell if you have a nice profit..