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Buffett says this kind of stuff publicly. But his own fund moves in and out of investments all the time.
by envsubst 3y ago
Buffett says this kind of stuff publicly. But his own fund moves in and out of investments all the time.
- tim333 3y agoHe also said >But it's true. I could name half a dozen people that I think can compound $1 million at 50% per year -- at least they'd have that return expectation -- if they needed it. They'd have to give that $1 million their full attention. But they couldn't compound $100 million or $1 billion at anything remotely like that rate. A lot depends on the details of who's doing what.
- envsubst 3y agoYep, you also wouldn't give the same computer/software advice to your grandma as you would a peer at work. Buffet is telling us to leave trading to the pros, but he absolutely trades.
- the_gastropod 3y agoBuffet is arguably the best who’s ever done it. He can do things your layperson shouldn’t try. Just because Bruce Lee could do an impressive spin kick, it doesn’t make spin kicks a good idea for 99% of people to try in a self defense situation.
- envsubst 3y agoI completely agree. This is true of most fields, which is why you can pay a professional for their special skills.
- zie 3y agoSort of, not really? Most of BRK is invested in 100% wholly owned companies. They do have a "small"[0] public equity portfolio, that does change investments periodically, but most of those investments are also pretty long term, if you go look. Wholly owned companies list: https://berkshirehathaway.com/subs/sublinks.html https://berkshirehathaway.com/subs/sublinks.html 0: In terms of BRK's overall wealth, it's still in the many billions of dollars.