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David Colin wrote:
Appreciate yours & Jimmy's comment so far. But I still isn't
convinced that 20%+ stock traders are that good. I realize size makes
a difference. I would say my arguments stand for accounts under a
million.. But this is the matter for discussion anyways.
Since taking control of Berkshire Hathaway 39 years ago, Warren Buffet
has delivered compound annual return of 24%. I think *he's* pretty
good, no?
(Source: Forbes magazine)
DF
You bet. But he isn't daytrading his billions. According to this,
http://beginnersinvest.about.com/cs/warrenbuffett/a/aawarrenbio_2.htm he
made 250% non compounded in 5 years, when he was starting out. I am not
too sure about the validity of figures in this web page - but would be
pretty safe to assume he made some killer returns while managing mere
millions. Hear nowadays he mostly cries that there's nothing left to
buy. Now THAT's a problem.
Abhijit
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