Buffet a fool? The guy is basically the greatest investor ever. His track record is unmatched.


I don't think your analogy with the coin flip applies here. His return vs. the market is statistically significant. He may have missed the tech boom but if he were 30 years younger I would bet on him again. As said though...he's too old now for someone to invest comfortably and his stock is overpriced because of his legend.


Since when does not selling one stock in a huge portfolio at the top make you stupid? He's never really been just a "value" investor. Plenty of his insurance plays were based on growth. The guy was just good.