From The Pragmatic Capitalist:
Warren Buffett is the most glorified and respected investor of all time. And rightfully so. After all, he became the world’s wealthiest man by essentially picking stocks. But Warren Buffett is also remarkably misunderstood by the general public. I personally believe the myth of Warren Buffett is one of the greatest tricks ever played on the small investor.
To the average investor Buffett is a folksy frugal regular old chum who just has a knack for picking stocks. You know, he just picks those “value stocks” and let’s them run, right?
Well, nothing could be farther from the truth...
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