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>copy Warren Buffet's portfolio
>invest $1000 every year
>become a billionaire after 50 years on an average 30% compound return
Why is no one doing this? You don't even have to learn anything about investing or trading. All you have to do is just follow what Warren Buffet is doing. Its not even that hard. Theres absolutely NO WAY this strategy can fail unless the entire US Economy collapses because Warren Buffet IS the US Economy.
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You don't understand what his portfolio actually is. It's not simply public stock ownership, but private equity ownership.
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>>1499748
>Why is no one doing this?
because /biz/ and hs finance class told me I don't have time to learn to pick investments like Warren. I should just buy indeces and mutual funds let the professionals do the work for me for modest fees hope there isn't another big recession in the decade I retire
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Why would you do something as gauche as simply copying a master's work?
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>>1499753
I'll just leave this here
Skip to 5:30
https://www.tastytrade.com/tt/shows/options-jive/episodes/taking-winners-eliminates-losers-08-24-2016
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>>1499754
>hurrrr its morally wrong to copy others!
This is why you are poor.
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