May 032019

I am quoted in this article:

“Most portfolio managers would be considered successful when they are right 70% of the time. Warren Buffet is right 90% of the time,” said David Kass, a finance professor at the University of Maryland and the author of a blog on Buffett and Berkshire Hathaway.

“This is what differentiates him.”

“He is a plain vanilla investor,” Kass said. “He does not use exotic financial instruments, he does not borrow too much.”

Despite all these hits, a critic could find fault with Buffett for missing the boat on a host of technology giants, including Amazon, Facebook and Google.

“He does not have an expertise there,” explained Kass. “He does not see any reason he could outperform the market.”

 Posted by at 12:21 am

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