Buffett’s approach is certainly one that’s refreshing to hear — if maybe a little bit easier to believe when you’re widely loved and worth about $80 billion — and it’s just another example of the famed investor bucking expectations.
Whereas plenty of billionaires might seem focused on themselves, it’s hard to argue that Buffett has let his success go to his head. As a member of The Giving Pledge, Buffett has already promised to give away more than 99 percent of his enormous fortune, and he famously requested to have Congress raise his taxes in a call for fairness.
Warren Buffett’s Astonishing Run of SuccessFocusing on how special Buffett is frequently centers on his pearls of wisdom or his charitable heart. But it’s also worth keeping well in focus his truly incredible success as an investor over the years. Given how ideas like the efficient market hypothesis and modern portfolio theory continue to point toward the idea that it’s almost impossible to beat the market, Buffett has made it a habit.
Despite the fact that there are very few fund managers out there who can beat the market for any sort of sustained period, Buffett’s nearly 21 percent compounded annual gain over more than 50 years, according to Berkshire Hathaway’s 2016 annual report, is beyond jaw-dropping. Whereas most managers are struggling to get 1 or 2 percentage points on the S&P 500, Buffett has more than doubled its returns and done so for more than half a century.
https://finance.yahoo.com/news/warren-buffett-measures-success-four-160053074.htmlLinkback:
https://tubagbohol.mikeligalig.com/index.php?topic=89898.0