Friday, August 31, 2012 – by Staff Report, Daily Bell
Warren Buffett Don't follow Buffett because you can't ... Decoder (2:41) ... Warren Buffett's approach to investing isn't rocket science but it's almost impossible for individual investors to duplicate because he uses leverage and a long-term approach that most people lack the will to follow. – Reuters
Dominant Social Theme: As an investment genius, Buffett's strategies would have worked any time.
Free-Market Analysis: This is a very interesting video, below, because it makes points we've made about Warren Buffett and similar great stock-pickers, but we'll stick to Buffett.
We certainly don't subscribe to the video's sentiment that Warren Buffett is "awesome." In fact, this is a dominant social theme amply purveyed by Reuters, which is that certain people are "investment gods."
When you actually examine what they're doing, however, it soon turns out that for the most part they simply have access to superior capital and insider facilitators that can provide them with uncommon leverage and contacts. This is certainly the case when it comes to Buffett.
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