How does Buffett do it?

like what? sitting on the beach? or travelling? most people are idle and stupid. Quitting for Buffett would be stupid. He is doing a service, as most of you would not understand but he made hundreds of thousands of people wealthy by doing what he does best. Why would he quit? Only a selfish ignoramus would do that!
Most people get life from doing what they love and do best. Most retired people die prematurely becuase they flutter aimlessly, and with no purpose.
Quote from Ghost of Cutten:

Most intelligent, well-adjusted people are not stupid enough to go on working once they make 20 mill or so, whereas Buffett, Soros & co are. Thus, the population of billionaires is a tiny fraction of the population of talented performers, only the truly insane will become that rich, everyone else will spend their limited remaining time on earth doing more interesting things.
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Quote from Ghost of Cutten:

Most intelligent, well-adjusted people are not stupid enough to go on working once they make 20 mill or so, whereas Buffett, Soros & co are. Thus, the population of billionaires is a tiny fraction of the population of talented performers, only the truly insane will become that rich, everyone else will spend their limited remaining time on earth doing more interesting things.
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You have a point. That's something I'd probably do, stop (impossible to say right now as I'm not in that situation).

However, most people are instinctually greedy and don't stop, and eventually most of them fail to keep their money.

Again, it goes back to my question of why Buffett has managed to survive.

If I understood Baron correctly (considering Buffet did in the beginning truly invest in stocks and still does), is that Buffet treats investing like a business. If he wouldn't buy the business, why bother with the stock?

No?
 
Quote from Ghost of Cutten:

Soros made a lot more than 27% per annum. A lot of his decisions were based on price action i.e. "technical analysis".

Soros is far superior in market talent to Buffett, period.

Also don't forget that Buffett took huge risks for example he lost 40-50% in 1973-74 and recently. He also benefited from the US at no point having a political upheaval during his investing career.
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I respect them both. They played their hands differently but exceedingly well. While Soros may have generated a larger average annual return, Buffett's genius included his accumulation. Let's not disparage either gent. (As an added bonus, I admire their politics.)
 
Quote from SunTrader:

So you are saying any trader should be able to turn $60k into $80m in a week.
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Not even with the most wild imagination did I imply that...
 
Quote from Ghost of Cutten:

Soros made a lot more than 27% per annum. A lot of his decisions were based on price action i.e. "technical analysis".

Soros is far superior in market talent to Buffett, period.

Also don't forget that Buffett took huge risks for example he lost 40-50% in 1973-74 and recently. He also benefited from the US at no point having a political upheaval during his investing career.
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Ghost, I'm not trying to be critical, just curious to try and learn, can you point me to actual evidence Soros used price action.

And I agree w/ Gabfly, Soros would be part of those 5-10 incredible investors, so no need to argue which is best, they both did it. The question is why them and not everyone else, not who is better.
 
Quote from stockeroo:

Give me a name of a single trader/speculator (not investor) that has done this for 30+ years (added points if they use technical analysis).
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Must be at least 1,000 such traders on ET alone... some even better, I'm sure.
 
Buffett was levered long(through a insurance company) on a asset that rises about 10% a year during a bull market in the right country. We never hear about the Argentina buffett, or the Iceland buffett. I'm not to take anything away from his skills, hes a great stock picker, but thats only part of his secret
 
Quote from Baron:

If you really want to get a feel for how Buffet got started and what he did along the way, I suggest you read "The Snowball".
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Great book. Even better than Lowenstein's excellent Buffett: The Making of an American Capitalist.
 
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