Almost Half of Warren Buffett-led Berkshire Hathaway's $365 Billion Portfolio Is Invested in Only 1 Stock - eviltoast
This tech giant has made for a wonderful investment in recent years.

Almost Half of Warren Buffett-led Berkshire Hathaway’s $365 Billion Portfolio Is Invested in Only 1 Stock::This tech giant has made for a wonderful investment in recent years.

  • OldWoodFrame@lemm.eeEnglish
    72·
    11 months ago

    It’s not assuming he is making random picks. It’s saying that the stock market is a random walk, which is just a fact. He is making picks based on a system, but if that system was actually proven to find underpriced stocks, everyone/enough people would also follow the same strategy and build that value into the price, removing whatever advantage he once had.

    If he’s successful because he’s a “value” investor, why aren’t all of the other “value” investors just as famous and successful? It’s because the difference between two people doing the same thing, is luck.

    • phillaholic@lemm.eeEnglish
      31·
      11 months ago

      Other people do. It’s not a get rich quick scheme, so it’s hard to beat 80 years in the market. He avoids a lot of stocks that do very well too. I’m not saying following every move he makes will make you rich, I’m saying his general advice and strategy works.