Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1439068, member: 3011&quot;]There is a problem with definitions here.&nbsp; Chance is not the same thing as luck.&nbsp; Chance relates to probability.&nbsp; Luck is flipping 10 heads in a row.&nbsp; Is tracking the path of a hurricane pure luck just because there is an element of chance?&nbsp; If so, why not just spin a wheel to determine direction?&nbsp; Great investors replicate their results, sometimes for decades.&nbsp; When you consider that each year may involve numerous buy and sell decisions, it becomes difficult to attribute it all to luck.&nbsp; And Buffett explains why this has nothing to do with the mathematics of coin flipping if you bother to read his explanation.&nbsp; I suspect that Buffett was a highly skilled investor from the time he met Ben Graham to the point when Berkshire Hathaway became so huge that size became a drag on performance.&nbsp; It would take Yogi Berra to discount his performance - &quot;Buffett has made so much money in the market that he isn&#039;t a great investor anymore.&quot;[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in