clarkkent, page-83

This was said on the thread:

"You can't defy the laws of finance.
Buffett has a long-term career average of 22% pa. Nobody has done any better, nobody will. He's Bradman. Thats the limit."

This is the myth about Buffett that value investors like promoting.

The Buffett Myth is one which also needs debunking.

Bill Dunn, a celebrated trend following trader, has returned 24% over 28 years. (Reported in Michael Covel’s ‘Trend Following: How Great Traders Make Millions in Up or Down Markets‘.) Bill Dunn's returns are closely correlated with other successful trend followers.

Ed Seykota returned just under 60% per annum from 1990-2000.

Other stock market investors have exceeded Buffett's record. The only difference is - Buffett is older has been around longer.

Another Myth Busted.

Cheers
Red