Is Buffett Really Losing His Touch? [View article]
Buffet was among the best during a period when if you decided to be a cork instead of a stone, you rose with the tide. During the 1982-2000 secular bull a monkey throwing darts could have made good money. In fact, many did. Buffet did well in the prior era, 1960-1982, but the legend was born in the bull market. No doubt he could analyze a company, assess markets, and sense trends, but it is doubtful that he or anyone has what Buffett himself claims to have: "An innate gift for capital allocation". This is a true quote. He said "Some people are born with special talents, I was born with a gift for capital allocation" I didn't know the gene pool included such a gift. Maybe it's the human equivalent of storing chestnuts.
Is Buffett Really Losing His Touch? [View article]