You Can’t Invest Like Buffett
Morningstar ran a report about how you can get Buffett-like returns by blending two funds…hmmm?
Buffett has been the luckiest investor the world has ever known. You cannot invest like Buffett. He gets calls, dealflow, that you’ll never get. He gets terms that you’ll never be offered. He’s also 78 and has invested through the largest and longest bull market the world has know.
What you see here, is an issue of Causation: Buffett is the richest man, therefore he has made nothing but prescient decisions during his life. This is of course a logical fallacy. I felt so strongly about this, and feel that the investing public is misled about how to trade and make money from investing, that I recorded a web tv episode on Buffett.
If you want to get returns like Buffett, buy the Berkshire Class A’s or B’s. That’s the ONLY way you’ll get Buffett-like returns – because he’s the only one getting them.
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