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The Many Myths of Warren Buffett

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NOT ALL CHEETOS AND CHERRY COKE
Pragmatic Capitalist believes that "the myth of Warren Buffett is one of the greatest tricks ever played on the small investor." They write: "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 and here we sit with an entire generation of investors fooled by the idea that value investing/buy and hold is the single greatest way to accumulate wealth. With the poor results of the last ten years investors have finally started to challenge this thinking."

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