How did he get 20% a year? Is he a God or something?

How did he get 20% a year? Is he a God or something?

Cheated.

He doesn't trade stocks. He does mergers, acquisitions, and integrations.

As soon as you have access to a few billion in capital and can play the same game, then you can match his score. Until then, you're comparing apples to lasers.

Lets not forget he can make markets. When he bought apple at 93 it spiked to 99 just because warren bought it.

He buys at a discount, that's how. Normally when you buy a stock you're buying it at market value, hoping that it will continue to grow in value. He buys UNDERVALUED (easier for him to do now, because he can negotiate directly with the board) so even if it doesn't grow he still profits, but obviously he has a team of people who are talking to board directors, looking at the industries, and he's so autismo that he can within minutes spot a good business model because all he thinks about all day is Graham techniques and baseball. I don't even think that nigga can cook spaghetti. He's the hedgehog, not the fox.

Homo unius libri.

It's all summed up in that baseball analogy, because he might be watching a stock for yeeeaaaaaars but he waits until he thinks it's undervalued, he may think it's going to continue to do well, keep making great profits, but he won't buy until he has that "margin of safety". He's probably watching like 100 stocks at a time, not planning to buy any of them until the market-cap falls way lower than the EV.

Wait I forgot the baseball analogy: something like in investing you don't have to hit every pitch thrown at you. Only swing at the ones you know you can swing well.

Someone else here probably knows it better than me.

probably had a lot of bitcoin

No. Just buys failing shit that picks itself back up. Checks financial statements and who manages. Better at gut feelings than most.

Example. Fruit of the loom spread out too much and was almost kill. Some new manager axed all the bullshit and doubled down on making my panties. Buffet buys. To the moon. Over years buffet buys into coke. As world shipoing and trading grows so does it. Evennhe says people will drinkbdufar water rather its good for them or not. Shit like that. Back in the day he only buy 51% of a companym. The controlling interest. No point buying the other 49% just to claim dibs when u can control the entire thing with 51%. Problem now is they are too big. Now he just buying up companies left and right. That 20% would be closer to 50% if more large players were there.

This dumb grandpa doesn't get bitcoin, he will die and it will be his greatest failed prediction.

Those are institutional investor's ways of buying stock for tax purposes and reasons of magnitude - there isn't going to be enough stock on sale to buy the volume he might want. Buffett has acquired companies that have done very well. Conversely many mergers of this kind fail hugely, like Ling Temco Vought.

His enormous captial makes his absolute gains much higher but his rate of return is also incredible. Also if you needed billions of dollars to do this, how did he get those in the first place? He was not born into a rich family. And why aren't there mega billionaires from people like the Waltons?