Nassim Taleb says Warren Buffett’s success due to luck
“I don’t want to spend too much time on Buffett. George Soros has 2 million times more statistical evidence that his results are not chance than Buffett does. Soros is vastly more robust. I am not saying Buffett doesn’t have skill—I’m just saying we don’t have enough evidence to say Buffett isn’t doing it by chance.” Taleb is a certified bear lunatic. Two points to extinguish the Taleb: 1) Buffett invested for nearly 50 years, and have gone through several recessions. 2) Many baby boomers had the same opportunity in terms of timeframe, but no one came close to Buffett’s returns. Btw, Buffett only made about 350,000% return in the last 45 years. Taleb, on the other hand, is just a black swan!
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Nassim Taleb says Warren Buffett’s success due to luck