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All these anecdotal quotes about Warren Buffett who issues bonds in Europe and didn't create Berkshire from index investing

His successful leveraged investments are analogous to negative expected value bets that people would typically relegate to degenerates.

He advocates indexing for the little people. This has nothing to do with what he did, or does now. (And there's nothing wrong with that)




Yes, he doesn't invest in indexes himself, but it isn't just for the little people. He recommends it for his family. The big secret to Buffet's success is not his picking ability, it is his management ability and good business sense. Yes, of course he does pick to an extent, but he also buys large enough positions to sit on the board and install the right people to make things happen. He also uses his already large portfolio to help create opportunities between the companies he owns.

It's unlikely even Buffet himself could replicate his initial stock picking success over a long period of time and he would be the first to admit that.


I don't see anything in the thread to suggest Berkshire was created from index investing. Someone just mentioned investing like Buffet.




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