Buffett – Luck? Or skill?

Are stocks risky? (at times)

How long is the long run? (longer than you think)

Buffett – is he a business person or investor? (businessman)

Note: These are the opinions of Eugene Fama based on his years of academic research. He is one professor of many that have a great influence on my thinking and research.

View short video (5:02) – Fama: Is Warren Buffett Lucky or Skilled? (note the video no longer available online), however Fama’s brief comments are.

View Fama/French Forum source.


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One Response to Buffett – Luck? Or skill?

  1. Larry Frank, Sr. August 6, 2015 at 10:57 am #

    A German study showing skill is harder than just simple random luck. Take away: don’t chase past returns.


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