The next Buffett?

Discussion in 'Trading' started by nooby_mcnoob, Jul 16, 2019.

  1. #11     Jul 16, 2019
  2. MKTrader

    MKTrader

    Buffett is in the insider trading camp. He was a huge market cheerleader during the financial crisis and helped craft legislation he benefited from:

    https://nomadcapitalist.com/2014/04/21/warren-buffett-americas-biggest-crony-capitalist/
    https://www.forbes.com/sites/schifr...ffett-a-wolf-in-sheeps-clothing/#37de5c5028d5
    https://www.forbes.com/sites/schifr...ading-haunts-berkshire-hathaway/#40418c752f5b
    https://www.thenation.com/article/s...dirty-secret-behind-warren-buffetts-billions/

    I think Buffett was a legitimately good value investor back when you could be (market was less efficient and less algo-driven). He was certainly not the only one--there other market-beaters like Peter Lynch. And Lynch admitted that he couldn't have done what he did without the 80s-90s bull market. But Buffett has failed to beat the S&P500 over the last decade, even with his inside connections.
     
    #12     Jul 17, 2019
  3. I remember Buffett being on TV saying that he was investing in BoA and everyone should do it too. That mofo made out like a bandit. I didn't trust him at the time, but now I know why. He was a stock promoter who liked the stock!

    https://www.forbes.com/sites/antoin...-was-his-crisis-era-masterpiece/#5e783ae0ea25
     
    #13     Jul 17, 2019
    MKTrader likes this.
  4. Tent

    Tent

    You can like or dislike Warren Buffet, but I think that everybody will agree that he is great investor who has made a fortune based on his way of investing. While he made billions, I am targeting to reach my fist million in a couple of years. I dont think that I am in a position to comment his work
     
    #14     Aug 26, 2019
  5. ironchef

    ironchef

    Eddie Lampert used to be the self style Buffett.
     
    #15     Aug 27, 2019