[adamlangsner]

“ But what we can tell you is his portfolio is up nearly 20% since he started trading in June”

It’s a catchy headline but very misleading. Buffett has done a good job outperforming the market for the past like 50 years (idk the exact number but something like that. He reads through tons and tons of financial disclosures to understand how businesses operate and find businesses that are undervalued by the market, then snatches them up. It requires a lot of reading, learning and an incredible amount of patience and self control.

It’s a bit unfair to compare woth a hamster or monkeys and dart boards or anything like that. Yes the random picking of stocks or crypto’s or whatever can beat a lot of asset managers that don’t really know what they’re doing, but Buffett is different and has a track record to prove it