User 287356

5 Reasons to Ignore Buffett

The fact is that Buffet's investing style is simple and easily emulated. Many have done so successfuly (Monesh Pabrai for one). He buys companies that are undervalued (regardless of a market bottom) and hold them for a long time. Discipline is what has made him so successful. He has made some mistakes, but I am still very bullish on BRK. There will be a market reaction when he dies (or steps down), but over the long term, whoever is at the helm of BRK will follow the same style.

Berkshire is a good investment for those of us who don't spend our days day trading.